Micro Focus International (NYSE:MFGP) Sees Large Volume Increase

Micro Focus International plc (NYSE:MFGPGet Rating) saw unusually-high trading volume on Friday . Approximately 23,326 shares traded hands during trading, a decline of 93% from the previous session’s volume of 327,655 shares.The stock last traded at $4.20 and had previously closed at $4.18.

The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50 day moving average price of $4.74 and a two-hundred day moving average price of $5.14.

Institutional investors have recently made changes to their positions in the stock. True North Advisors LLC bought a new position in shares of Micro Focus International during the fourth quarter valued at approximately $167,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Micro Focus International during the fourth quarter valued at approximately $1,022,000. Davy Global Fund Management Ltd raised its holdings in shares of Micro Focus International by 82.2% during the fourth quarter. Davy Global Fund Management Ltd now owns 302,309 shares of the company’s stock valued at $1,684,000 after acquiring an additional 136,370 shares in the last quarter. Credit Agricole S A raised its holdings in shares of Micro Focus International by 35,714.3% during the fourth quarter. Credit Agricole S A now owns 10,028 shares of the company’s stock valued at $56,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Atlas Capital Advisors LLC raised its holdings in shares of Micro Focus International by 160.0% during the fourth quarter. Atlas Capital Advisors LLC now owns 24,636 shares of the company’s stock valued at $137,000 after acquiring an additional 15,162 shares in the last quarter. Institutional investors own 20.63% of the company’s stock.

Micro Focus International Company Profile (NYSE:MFGP)

Micro Focus International plc operates in the enterprise software business in the United Kingdom, the United States, Germany, Canada, France, Japan, and internationally. It offers infrastructure software products that are managed on a portfolio. The company's product portfolio includes sector-agnostic products, such as application modernization and connectivity solutions that help customers to unlock the value from core business applications for modernization, which enable a transformational journey to deliver ongoing value and flexibility from IT investments, on or off the mainframe; application delivery management solutions that helps customers to increase velocity, remove bottlenecks, and deliver high-performing applications to support their digital business; and IT operations management solutions for service assurance, automate the service fulfilment life cycle, and strengthen IT service governance.

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