Microlise Group (LON:SAAS) Sets New 1-Year High - Here's What Happened

Key Points

• Microlise Group plc shares reached a new 52-week high of GBX 145.40, with a last trading value of GBX 145.34 and a volume of 122,472 shares traded.
• Analysts are bullish on the stock, with Canaccord Genuity and Berenberg Bank setting price targets of GBX 199 and GBX 210, respectively, leading to a consensus target price of GBX 204.50.
• Insider Nick Wightman purchased 18,827 shares at an average price of GBX 106, indicating strong confidence from company insiders.

Microlise Group plc (LON:SAAS - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 145.40 ($1.98) and last traded at GBX 145.34 ($1.98), with a volume of 122472 shares. The stock had previously closed at GBX 140 ($1.91).

Wall Street Analysts Forecast Growth

Several research analysts have commented on SAAS shares. Canaccord Genuity Group restated a "buy" rating and set a GBX 199 price objective on shares of Microlise Group in a report on Thursday, July 31st. Berenberg Bank reiterated a "buy" rating and issued a GBX 210 price target on shares of Microlise Group in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of GBX 204.50.

Microlise Group Trading Down 0.3%

The company has a 50 day moving average of GBX 131.84 and a two-hundred day moving average of GBX 113.91. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.08 and a current ratio of 1.25. The stock has a market capitalization of £170.44 million, a PE ratio of -8,305.08 and a beta of 0.19.

Insider Buying and Selling

In other news, insider Nick Wightman purchased 18,827 shares of the stock in a transaction on Monday, June 30th. The stock was bought at an average price of GBX 106 per share, with a total value of £19,956.62. Corporate insiders own 51.87% of the company's stock.

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