Microlise Group (LON:SAAS) Cut to “Buy” at Canaccord Genuity Group

Microlise Group (LON:SAAS) was downgraded by stock analysts at Canaccord Genuity Group to a “buy” rating in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 166 price objective on the stock, down from their prior price objective of GBX 191. Canaccord Genuity Group’s target price points to a potential upside of 244.04% from the stock’s previous close.

Microlise Group Price Performance

LON:SAAS opened at GBX 48.25 on Thursday. 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 business’s 50-day simple moving average is GBX 60.91 and its two-hundred day simple moving average is GBX 85.19. The stock has a market cap of £55.94 million, a PE ratio of -70.64 and a beta of 0.43. Microlise Group has a 52 week low of GBX 48 and a 52 week high of GBX 150.

Microlise Group (LON:SAAS) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 1.72 EPS for the quarter. The business had revenue of GBX 8,403 million for the quarter. Microlise Group had a negative return on equity of 1.09% and a negative net margin of 0.93%. As a group, analysts forecast that Microlise Group will post 5.5260831 EPS for the current fiscal year.

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