Microlise Group (LON:SAAS) Stock Price Down 16.3% – Time to Sell?

Microlise Group plc (LON:SAASGet Free Report) dropped 16.3% during trading on Thursday . The stock traded as low as GBX 48 and last traded at GBX 48.55. Approximately 191,238 shares traded hands during mid-day trading, an increase of 184% from the average daily volume of 67,224 shares. The stock had previously closed at GBX 58.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 191 target price on shares of Microlise Group in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Microlise Group presently has an average rating of “Buy” and an average price target of GBX 168.

Read Our Latest Report on SAAS

Microlise Group Trading Down 16.3%

The firm has a fifty day simple moving average of GBX 60.91 and a two-hundred day simple moving average of GBX 85.19. The stock has a market cap of £56.30 million, a PE ratio of -71.10 and a beta of 0.43. The company has a current ratio of 1.03, a quick ratio of 1.08 and a debt-to-equity ratio of 2.95.

Microlise Group (LON:SAASGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 1.72 earnings per share for the quarter. Microlise Group had a negative return on equity of 1.09% and a negative net margin of 0.93%.The firm had revenue of GBX 8,403 million for the quarter. As a group, equities analysts expect that Microlise Group plc will post 5.5260831 earnings per share for the current fiscal year.

Microlise Group Company Profile

(Get Free Report)

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

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