Microlise Group (LON:SAAS) Stock Price Down 16.3% on Analyst Downgrade

Shares of Microlise Group plc (LON:SAAS) dropped 16.3% during trading on Thursday after Canaccord Genuity Group downgraded the stock to a buy rating. Canaccord Genuity Group now has a GBX 166 price target on the stock, down from their previous price target of GBX 191. Microlise Group traded as low as GBX 48 and last traded at GBX 48.55. Approximately 191,238 shares traded hands during trading, an increase of 184% from the average daily volume of 67,224 shares. The stock had previously closed at GBX 58.

Microlise Group Trading Down 1.2%

The stock has a market cap of £48.70 million, a P/E ratio of -61.49 and a beta of 0.43. The company has a current ratio of 1.01, a quick ratio of 1.08 and a debt-to-equity ratio of 5.70. The stock’s fifty day moving average price is GBX 59.78 and its 200 day moving average price is GBX 84.37.

Microlise Group (LON:SAAS) last announced its 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. Equities research analysts expect that Microlise Group plc will post 5.5260831 earnings per share for the current 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