Micro Focus International (NYSE:MFGP) Hits New 52-Week Low at $3.18
Micro Focus International PLC – (NYSE:MFGP) shares hit a new 52-week low on Monday . The stock traded as low as $3.18 and last traded at $3.26, with a volume of 979100 shares trading hands. The stock had previously closed at $3.31.
Several equities research analysts have recently weighed in on MFGP shares. Barclays reissued an “equal weight” rating on shares of Micro Focus International in a research note on Friday, July 10th. Jefferies Financial Group reduced their target price on shares of Micro Focus International from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “buy” rating on shares of Micro Focus International in a research note on Friday, September 4th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Micro Focus International in a research note on Friday, July 17th. Finally, Zacks Investment Research downgraded shares of Micro Focus International from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.38.
The company has a market cap of $1.09 billion, a PE ratio of 1.66 and a beta of 2.05. The company’s 50 day moving average is $3.92 and its 200 day moving average is $4.90. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.97.
About Micro Focus International (NYSE:MFGP)
Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to small and medium size enterprises. The company offers infrastructure software products that are managed on an investment portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, and IT operations management, as well as security, information management, and Governance.
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