Zacks Investment Research upgraded shares of Micro Focus International (NYSE:MFGP) from a hold rating to a buy rating in a report issued on Thursday, Zacks.com reports. The brokerage currently has $7.75 price target 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 MFGP stock opened at $7.22 on Thursday. The stock has a market capitalization of $2.42 billion, a PE ratio of 4.69 and a beta of 2.52. The business has a fifty day moving average price of $7.07. Micro Focus International has a twelve month low of $2.78 and a twelve month high of $8.19. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.86 and a current ratio of 0.86.
About Micro Focus International
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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