Micro Focus International PLC – (NYSE:MFGP)’s stock price traded down 14.1% during mid-day trading on Monday . The stock traded as low as $13.03 and last traded at $13.03, 2,433,961 shares were traded during mid-day trading. An increase of 339% from the average session volume of 555,014 shares. The stock had previously closed at $15.17.
Several research analysts recently issued reports on the stock. Goldman Sachs Group lowered shares of Micro Focus International from a “neutral” rating to a “sell” rating in a research report on Tuesday, July 16th. Jefferies Financial Group assumed coverage on shares of Micro Focus International in a research report on Monday, July 22nd. They issued a “hold” rating and a $21.00 price target for the company. Zacks Investment Research raised shares of Micro Focus International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. Barclays raised shares of Micro Focus International from an “underweight” rating to an “equal weight” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised shares of Micro Focus International from an “underweight” rating to a “neutral” rating in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Micro Focus International currently has an average rating of “Hold” and an average price target of $24.46.
The company’s fifty day moving average price is $13.78 and its two-hundred day moving average price is $20.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92.
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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