Microlise Group (LON:SAAS) Releases Earnings Results

Microlise Group (LON:SAAS) posted its earnings results on Wednesday. The company reported GBX 1.20 earnings per share for the quarter, Digital Look Earnings reports. Microlise Group had a negative net margin of 2.58% and a negative return on equity of 3.09%.

Microlise Group Trading Down 1.6%

LON:SAAS traded down GBX 0.75 during trading hours on Wednesday, hitting GBX 47.25. The company had a trading volume of 223,112 shares, compared to its average volume of 175,093. The company has a market cap of £54.80 million, a P/E ratio of -25.27 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. The company has a 50-day moving average of GBX 45.35 and a 200 day moving average of GBX 49.15. Microlise Group has a 1 year low of GBX 37 and a 1 year high of GBX 150.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 155 target price on shares of Microlise Group in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Microlise Group has a consensus rating of “Buy” and an average price target of GBX 150.

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.