Microlise Group (LON:SAAS) Reaches New 12-Month High - What's Next?

Key Points

• Microlise Group plc (LON:SAAS) shares reached a new 52-week high of GBX 150 ($2.05) during trading, with a recent last trade at GBX 147.50 ($2.01).
• Analysts from Berenberg Bank and Canaccord Genuity have reissued a "buy" rating for Microlise Group, with price targets of GBX 210 and GBX 199, respectively.
• Insider Nick Wightman purchased 18,827 shares at GBX 106, indicating confidence in the company's future performance, as insiders own 51.87% of the stock.

Microlise Group plc (LON:SAAS - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 150 ($2.02) and last traded at GBX 147.50 ($1.99), with a volume of 738649 shares trading hands. The stock had previously closed at GBX 147.50 ($1.99).

Analyst Ratings Changes

A number of analysts have commented on the company. Berenberg Bank reissued a "buy" rating and issued a GBX 210 target price on shares of Microlise Group in a report on Monday, August 4th. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 199 price objective on shares of Microlise Group in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of GBX 204.50.

Microlise Group Stock Performance

The business has a 50-day moving average of GBX 133.50 and a 200 day moving average of GBX 114.74. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.25 and a quick ratio of 1.08. The company has a market cap of £169.28 million, a PE ratio of -8,248.59 and a beta of 0.19.

Insider Buying and Selling at Microlise Group

In other Microlise Group news, insider Nick Wightman acquired 18,827 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average price of GBX 106 per share, with a total value 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