Microlise Group (LON:SAAS) Trading Down 10.5% - Here's Why

Key Points

• Microlise Group's shares dropped 10.5% to GBX 132 ($1.78) amid lower trading volumes, significantly down from the previous closing price of GBX 147.50 ($1.98).
• Despite the recent decline, analysts maintain a generally positive outlook, with average price targets around GBX 204.50, indicating confidence in the company's future performance.
• Insider trading activity is notable, with Nick Wightman buying 18,827 shares recently, suggesting continued belief in the company’s potential despite current market challenges.

Microlise Group plc (LON:SAAS - Get Free Report) shares dropped 10.5% on Thursday . The stock traded as low as GBX 130 ($1.75) and last traded at GBX 132 ($1.78). Approximately 93,882 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 128,874 shares. The stock had previously closed at GBX 147.50 ($1.98).

Wall Street Analysts Forecast Growth

SAAS has been the subject of several research analyst reports. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 210 price target on shares of Microlise Group in a research note on Monday, August 4th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 199 price target on shares of Microlise Group in a research note on Thursday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of GBX 204.50.

Microlise Group Stock Down 11.9%

The company has a current ratio of 1.25, a quick ratio of 1.08 and a debt-to-equity ratio of 2.38. The stock's 50-day simple moving average is GBX 134.49 and its 200-day simple moving average is GBX 115.45. The firm has a market capitalization of £150.73 million, a P/E ratio of -7,344.63 and a beta of 0.19.

Microlise Group (LON:SAAS - Get Free Report) last issued its quarterly earnings data on Thursday, September 25th. The company reported GBX 2.62 earnings per share (EPS) for the quarter. Microlise Group had a net margin of 2.14% and a return on equity of 1.87%. As a group, research analysts predict that Microlise Group plc will post 5.5260831 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Nick Wightman bought 18,827 shares of the company's stock in a transaction on Monday, June 30th. The shares were purchased at an average cost of GBX 106 per share, for a total transaction of £19,956.62. 51.87% of the stock is currently owned by 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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.