Micro Focus International (LON:MCRO) Share Price Passes Above 200-Day Moving Average of $1,769.94

Micro Focus International plc (LON:MCRO)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1,769.94 and traded as high as $1,139.50. Micro Focus International shares last traded at $1,115.40, with a volume of 1,692,925 shares traded.

A number of research analysts recently issued reports on MCRO shares. UBS Group dropped their price target on Micro Focus International from GBX 2,050 ($26.79) to GBX 1,530 ($19.99) and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. Goldman Sachs Group dropped their price target on Micro Focus International from GBX 2,290 ($29.92) to GBX 2,200 ($28.75) and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Citigroup restated a “sell” rating and set a GBX 1,700 ($22.21) price target on shares of Micro Focus International in a research note on Wednesday, July 10th. Finally, Barclays restated an “equal weight” rating on shares of Micro Focus International in a research note on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Micro Focus International presently has an average rating of “Hold” and an average target price of GBX 1,812.71 ($23.69).

The business has a 50 day moving average of GBX 1,368.56 and a 200-day moving average of GBX 1,769.94. The stock has a market cap of $3.94 billion and a PE ratio of 2.69. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 67.68.



The business also recently announced a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 5th will be paid a GBX 46.66 ($0.61) dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a dividend yield of 2.35%. Micro Focus International’s dividend payout ratio (DPR) is currently 0.24%.

In other Micro Focus International news, insider Kevin Loosemore sold 435,342 shares of Micro Focus International stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of GBX 1,736 ($22.68), for a total value of £7,557,537.12 ($9,875,260.84).

Micro Focus International Company Profile (LON:MCRO)

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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