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Microlise Group (LON:SAAS) Trading Up 3.3% - Here's Why

Microlise Group logo with Computer and Technology background

Shares of Microlise Group plc (LON:SAAS - Get Free Report) were up 3.3% on Thursday . The company traded as high as GBX 128 ($1.67) and last traded at GBX 125 ($1.63). Approximately 126,094 shares were traded during trading, an increase of 29% from the average daily volume of 97,455 shares. The stock had previously closed at GBX 121 ($1.58).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 210 ($2.74) price target on shares of Microlise Group in a research report on Wednesday, September 25th.

Get Our Latest Research Report on Microlise Group

Microlise Group Trading Down 1.2 %

The stock has a market capitalization of £144.94 million, a price-to-earnings ratio of 11,740.00 and a beta of 0.19. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.91 and a quick ratio of 1.08. The business's 50-day simple moving average is GBX 125.73 and its two-hundred day simple moving average is GBX 138.95.

Microlise Group Cuts Dividend

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

About Microlise Group

(Get Free Report)

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.

Further Reading

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