Microlise Group (LON:SAAS) Stock Price Down 2.5% – Time to Sell?

Shares of Microlise Group plc (LON:SAAS) traded down 2.5% during trading on Friday . The stock traded as low as GBX 105.25 ($1.32) and last traded at GBX 106.25 ($1.33). 672,271 shares traded hands during mid-day trading, an increase of 539% from the average session volume of 105,192 shares. The stock had previously closed at GBX 109 ($1.37).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 210 ($2.63) target price on shares of Microlise Group in a research report on Wednesday, September 25th.

Microlise Group Price Performance

The firm has a market cap of £126.39 million, a P/E ratio of 11,740.00 and a beta of 0.19. The company has a quick ratio of 1.08, a current ratio of 0.91 and a debt-to-equity ratio of 2.15. The business’s 50 day moving average is GBX 117.74 and its two-hundred day moving average is GBX 130.57.

Microlise Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 10th were given a GBX 0.57 ($0.01) dividend. This represents a dividend yield of 0.43%. The ex-dividend date was Thursday, October 10th.

Microlise Group Company Profile

Microlise Group plc provides transport management technology solutions. The company offers SaaS platform that digitizes the business processes of enterprise organizations running logistics operations. Its hardware and software technology solutions capture and analyze real-time transport and logistics data events to allow fleet operators to enhance across a range of key performance indicators, including operating efficiency, greenhouse gas emissions, and safety standards.