Microlise Group (LON:SAAS) Trading Down 13.2% – Time to Sell?

Shares of Microlise Group plc (LON:SAAS) traded down 13.2% during trading on Friday . The stock traded as low as GBX 105 ($1.36) and last traded at GBX 113.77 ($1.48). 129,154 shares were traded during mid-day trading, an increase of 28% from the average session volume of 101,021 shares. The stock had previously closed at GBX 131 ($1.70).

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 210 ($2.72) price target on shares of Microlise Group in a report on Wednesday, September 25th.

Microlise Group Trading Down 13.2 %

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 firm has a market capitalization of £131.92 million, a price-to-earnings ratio of 11,740.00 and a beta of 0.19. The business’s 50-day simple moving average is GBX 124.09 and its two-hundred day simple moving average is GBX 136.77.

Microlise Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 10th will be given a GBX 0.57 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 0.43%.

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.