Microlise Group (LON:SAAS) Shares Climb 8.6% – Time to Buy?

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

Wall Street Analyst Weigh In

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

Microlise Group Trading Up 8.6%

The business has a 50-day moving average of GBX 46.71 and a 200 day moving average of GBX 48.23. The stock has a market cap of £62.98 million, a PE ratio of -29.04 and a beta of 0.38. The company has a debt-to-equity ratio of 6.61, a quick ratio of 1.08 and a current ratio of 1.05.

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

Microlise Group Company Profile

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.