Microlise Group (LON:SAAS) Hits New 52-Week Low – Time to Sell?

Microlise Group plc (LON:SAAS)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 85 and last traded at GBX 88, with a volume of 16518 shares. The stock had previously closed at GBX 87.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SAAS shares. Berenberg Bank lowered their price objective on Microlise Group from GBX 210 to GBX 145 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 191 price objective on shares of Microlise Group in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 168.

Microlise Group Stock Performance

The stock has a market capitalization of £102.03 million, a price-to-earnings ratio of -128.84 and a beta of 0.19. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.25 and a quick ratio of 1.08. The stock has a 50-day moving average of GBX 94.30 and a 200 day moving average of GBX 116.99.

Microlise Group Company Profile

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia