Zacks Investment Research upgraded shares of Micro Focus International (NYSE:MFGP) from a hold rating to a buy rating in a report published on Thursday morning, Zacks.com reports. They currently have $7.75 price objective on the stock.
According to Zacks, “Micro Focus International plc is an infrastructure software company which develops, sells and supports software products and solutions. The Company’s products include Access Manager, Access Review, AccuRev, AccuSync, Acu4GL, AcuBench, ACUCOBOL-GT, AcuConnect, AcuServer, AcuSQL, AcuXDBC, Aegis, AppManager, Artix, Atlas, Business Continuity Clustering, Caliber, Client for Windows, Cloud Manager and CloudAccess. It principally serves federal, airlines and healthcare industries. The company operates primarily in the United Kingdom, the United States, Germany, France, Japan and internationally. Micro Focus International plc is headquartered in Newbury, the United Kingdom. “
Shares of Micro Focus International stock opened at $7.22 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.49. The stock has a 50 day moving average of $7.07. The stock has a market cap of $2.42 billion, a PE ratio of 4.69 and a beta of 2.52. Micro Focus International has a one year low of $2.78 and a one year high of $8.19.
Micro Focus International Company Profile
Micro Focus International plc engages in the enterprise software business in the United Kingdom, the United States, Germany, Canada, France, Japan, and internationally. The company offers infrastructure software products that are managed on a portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, IT operations management, security and information management, and governance.
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