Microlise Group (LON:SAAS) Stock Price Down 0.7% - What's Next?

Key Points

• Microlise Group plc shares fell by 0.7% to GBX 125.90 ($1.70) with a significant decrease in trading volume of approximately 42% from the average.
• Analysts maintain a positive outlook with a consensus "Buy" rating and target price of GBX 204.50, with Canaccord Genuity and Berenberg Bank setting targets at GBX 199 and GBX 210 respectively.
• Insider Nick Wightman purchased 18,827 shares at an average cost of GBX 106, contributing to insiders owning 59.96% of the stock.

Microlise Group plc (LON:SAAS - Get Free Report) shares were down 0.7% on Tuesday . The stock traded as low as GBX 124 ($1.67) and last traded at GBX 125.90 ($1.70). Approximately 69,750 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 120,717 shares. The stock had previously closed at GBX 126.75 ($1.71).

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SAAS shares. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 199 target price on shares of Microlise Group in a research note on Thursday, July 31st. Berenberg Bank reaffirmed a "buy" rating and set a GBX 210 price objective on shares of Microlise Group in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of GBX 204.50.

Microlise Group Trading Down 0.7%

The firm's 50 day moving average is GBX 122.85 and its 200 day moving average is GBX 111.55. The company has a market cap of £145.79 million, a PE ratio of 107.75 and a beta of 0.19. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.25 and a quick ratio of 1.08.

Insider Transactions at Microlise Group

In related news, insider Nick Wightman bought 18,827 shares of the company's stock in a transaction on Monday, June 30th. The stock was acquired at an average cost of GBX 106 per share, for a total transaction of £19,956.62. 59.96% of the stock is currently owned by insiders.

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

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