Microlise Group (LON:SAAS) Trading Up 3.3% – Here’s What Happened

Shares of Microlise Group plc (LON:SAAS) were up 3.3% during mid-day trading on Thursday . The stock traded as high as GBX 128 ($1.67) and last traded at GBX 125 ($1.63). Approximately 126,094 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 97,455 shares. The stock had previously closed at GBX 121 ($1.58).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 ($2.74) target price on shares of Microlise Group in a report on Wednesday, September 25th.

Microlise Group Trading Down 1.2 %

The firm has a fifty day simple moving average of GBX 125.54 and a two-hundred day simple moving average of GBX 138.84. The firm has a market capitalization of £144.94 million, a P/E ratio of 11,740.00 and a beta of 0.19. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.91 and a quick ratio of 1.08.

Microlise Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 10th will be issued a dividend of GBX 0.57 ($0.01) per share. This represents a yield of 0.43%. The ex-dividend date of this dividend is Thursday, October 10th.

Microlise Group Company Profile

Microlise Group plc provides transport management technology solutions. The company offers SaaS platform that digitizes the business processes of enterprise organizations running logistics operations. Its hardware and software technology solutions capture and analyze real-time transport and logistics data events to allow fleet operators to enhance across a range of key performance indicators, including operating efficiency, greenhouse gas emissions, and safety standards.