Microlise Group (LON:SAAS) Shares Down 3.1% – What’s Next?

Shares of Microlise Group plc (LON:SAAS) were down 3.1% during trading on Monday . The stock traded as low as GBX 49 and last traded at GBX 49.41. Approximately 407,103 shares traded hands during trading, an increase of 112% from the average session volume of 192,044 shares. The stock had previously closed at GBX 51.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 166 target price on shares of Microlise Group in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 155.50.

Microlise Group Trading Down 3.1%

The company has a 50-day moving average price of GBX 41.51 and a two-hundred day moving average price of GBX 53.73. The stock has a market cap of £57.31 million, a P/E ratio of -26.42 and a beta of 0.38. The company has a current ratio of 1.01, a quick ratio of 1.08 and a debt-to-equity ratio of 5.70.

About Microlise Group

Microlise Group Plc is a leading provider of transport and fleet technology to transport and logistic 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 over 2,500 clients, and a global workforce of 730 across the Group’s headquarters in Nottingham in the UK, and offices in France, Australia, and India.

Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS) and qualifies for the London Stock Exchange’s Green Economy Mark.