Microlise Group (LON:SAAS) Sets New 1-Year Low – Here’s Why

Microlise Group plc (LON:SAAS) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 53 and last traded at GBX 53.31, with a volume of 12769 shares. The stock had previously closed at GBX 54.

Wall Street Analysts Forecast Growth

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

Microlise Group Stock Down 1.3%

The company has a market cap of £61.82 million, a price-to-earnings ratio of -78.06 and a beta of 0.09. The company has a current ratio of 1.03, a quick ratio of 1.08 and a debt-to-equity ratio of 2.95. The business has a fifty day moving average price of GBX 72.60 and a two-hundred day moving average price of GBX 97.35.

About Microlise Group

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