Microlise Group (LON:SAAS) Shares Up 8.6% – What’s Next?

Microlise Group plc (LON:SAAS – Get Free Report)’s share price shot up 8.6% during trading on Friday. The company traded as high as GBX 55 and last traded at GBX 54.30. Approximately 592,248 shares traded hands during mid-day trading, an increase of 241% from the average session volume of 173,483 shares. The stock had previously closed at GBX 50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 155 price target on shares of Microlise Group in a report on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 150.

Get Microlise Group alerts:

Check Out Our Latest Stock Analysis on Microlise Group

Microlise Group Stock Up 8.6%

The firm has a 50 day moving average of GBX 46.71 and a two-hundred day moving average of GBX 48.23. The stock has a market capitalization of £62.98 million, a PE ratio of -29.04 and a beta of 0.38. The company has a current ratio of 1.05, a quick ratio of 1.08 and a debt-to-equity ratio of 6.61.

Microlise Group (LON:SAAS – Get Free Report) last posted its earnings results on Wednesday, September 23rd. The company reported GBX 1.20 EPS for the quarter. Microlise Group had a negative return on equity of 3.58% and a negative net margin of 3.05%. Equities research analysts anticipate that Microlise Group plc will post 5.5260831 earnings per share for the current year.

Microlise Group Company Profile

(Get Free Report)

Microlise Group Plc is a leading provider of transport and fleet technology to transport and logistic 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 over 2,500 clients, and a global workforce of 730 across the Group’s headquarters in Nottingham in the UK, and offices in France, Australia, and India.

Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS) and qualifies for the London Stock Exchange’s Green Economy Mark.

Featured Articles

• Five stocks we like better than Microlise Group
• AST SpaceMobile’s BlueBird Progress Comes With Several Risks Still Unresolved
• Time to Nibble on MCD Stock After it Enters Oversold Territory?
• McCormick Stock Trades Cheap, Offers Dividend Growth and Unilever Deal Upside
• Corning and AT&T’s $3 Billion Fiber Deal Reveals Where AI Spending Goes Next

Receive News & Ratings for Microlise Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microlise Group and related companies with MarketBeat.com's FREE daily email newsletter.