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Microlise Group (LON:SAAS) Shares Down 13.2% - Here's What Happened

Microlise Group logo with Computer and Technology background

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

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 210 ($2.72) price objective on shares of Microlise Group in a research note on Wednesday, September 25th.

Read Our Latest Research Report on Microlise Group

Microlise Group Stock Performance

The stock has a 50-day moving average of GBX 124.09 and a 200 day moving average of GBX 136.77. The stock has a market capitalization of £132.18 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.

Microlise Group Cuts Dividend

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

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