Microlise Group (LON:SAAS) Stock Price Down 2.4% - Time to Sell?

Key Points

• Microlise shares fell 2.4% to GBX 62 on Tuesday, with only 3,427 shares traded—about 94% below the average daily volume of 57,177.
• Analysts remain bullish: Canaccord Genuity reiterated a Buy rating with a GBX 191 target and the consensus target sits at GBX 168.
• The company has mixed fundamentals—market cap £71.9m, a negative P/E (-90.78), high debt-to-equity (2.95), and the stock trades well below its 200-day moving average (GBX 88.85).

Shares of Microlise Group plc (LON:SAAS - Get Free Report) were down 2.4% during trading on Tuesday . The stock traded as low as GBX 62 and last traded at GBX 62. Approximately 3,427 shares changed hands during trading, a decline of 94% from the average daily volume of 57,177 shares. The stock had previously closed at GBX 63.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 191 price target on shares of Microlise Group in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of GBX 168.

Microlise Group Trading Down 2.4%

The company has a market cap of £71.89 million, a price-to-earnings ratio of -90.78 and a beta of 0.36. The company has a quick ratio of 1.08, a current ratio of 1.03 and a debt-to-equity ratio of 2.95. The company's 50-day moving average is GBX 63.92 and its 200 day moving average is GBX 88.85.

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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