Microlise Group (LON:SAAS) Shares Down 13.2% – Here’s What Happened

Microlise Group plc (LON:SAAS)’s share price dropped 13.2% during mid-day trading 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 trading, an increase of 28% from the average daily volume of 101,021 shares. The stock had previously closed at GBX 131 ($1.70).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued 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.

Microlise Group Stock Performance

The firm has a market capitalization of £132.18 million, a PE 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 has a 50-day simple moving average of GBX 123.77 and a 200-day simple moving average of GBX 136.20.

Microlise Group Cuts Dividend

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

About Microlise Group

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.