Microlise Group (LON:SAAS) Trading Down 2.9% – Should You Sell?

Microlise Group plc (LON:SAAS) fell 2.9% during trading on Wednesday . The stock traded as low as GBX 40.01 and last traded at GBX 40.80. Approximately 17,872 shares traded hands during trading, a decline of 88% from the average daily volume of 155,172 shares. The stock had previously closed at GBX 42.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut shares of Microlise Group to a “buy” rating and lowered their price target for the company from GBX 191 to GBX 166 in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Microlise Group currently has an average rating of “Buy” and a consensus target price of GBX 155.50.

Microlise Group Price Performance

The stock’s fifty day moving average price is GBX 49.50 and its 200-day moving average price is GBX 69.48. The firm has a market cap of £47.31 million, a price-to-earnings ratio of -21.82 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.

Microlise Group (LON:SAAS) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 1.72 EPS for the quarter. Microlise Group had a negative net margin of 2.58% and a negative return on equity of 3.09%. The firm had revenue of GBX 8,403 million for the quarter. As a group, equities research analysts forecast that Microlise Group plc will post 5.5260831 earnings per share for the current fiscal year.

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