Microlise Group (LON:SAAS) Trading Down 1.7% – Here’s Why

Shares of Microlise Group plc (LON:SAAS) traded down 1.7% on Thursday . The stock traded as low as GBX 145 ($1.97) and last traded at GBX 145 ($1.97). 893,362 shares were traded during mid-day trading, an increase of 578% from the average session volume of 131,668 shares. The stock had previously closed at GBX 147.50 ($2.00).

Analyst Ratings Changes

Several analysts recently weighed in on the company. Berenberg Bank restated a “buy” rating and issued a GBX 210 price objective on shares of Microlise Group in a report on Monday, August 4th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 199 price objective on shares of Microlise Group in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Microlise Group has a consensus rating of “Buy” and a consensus price target of GBX 204.50.

Microlise Group Price Performance

The firm has a 50 day simple moving average of GBX 133.10 and a 200-day simple moving average of GBX 114.37. The company has a quick ratio of 1.08, a current ratio of 1.25 and a debt-to-equity ratio of 2.38. The company has a market cap of £168.12 million, a PE ratio of -8,192.09 and a beta of 0.19.

Insider Transactions at Microlise Group

In related news, insider Nick Wightman bought 18,827 shares of the business’s stock in a transaction on Monday, June 30th. The shares were bought at an average price of GBX 106 per share, for a total transaction of £19,956.62. 51.87% of the stock is owned by company insiders.

Microlise Group Company Profile

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