Microlise Group (LON:SAAS) Issues Quarterly Earnings Results

Microlise Group (LON:SAAS) announced its earnings results on Thursday. The company reported GBX 1.72 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The business had revenue of GBX 8,403 million for the quarter. Microlise Group had a negative net margin of 0.93% and a negative return on equity of 1.09%.

Microlise Group Trading Down 26.7%

SAAS traded down GBX 15.50 on Thursday, reaching GBX 42.50. 4,323,910 shares of the company’s stock were exchanged, compared to its average volume of 112,638. The company’s 50 day moving average is GBX 60.91 and its 200-day moving average is GBX 85.19. The company has a market cap of £49.28 million, a price-to-earnings ratio of -62.23 and a beta of 0.43. Microlise Group has a twelve month low of GBX 41 and a twelve month high of GBX 150. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.08 and a current ratio of 1.03.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group downgraded Microlise Group to a “buy” rating and cut their price target for the stock from GBX 191 to GBX 166 in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Microlise Group presently has an average rating of “Buy” and a consensus target price of GBX 155.50.

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