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Zacks Investment Research upgraded Magic Software Enterprises Ltd. (NASDAQ:MGIC) to Hold in a report released today.

Yesterday Magic Software Enterprises Ltd. (NASDAQ:MGIC) traded 0.71% higher at $7.10. The company’s 50-day moving average is $7.08 and its 200-day moving average is $7.21. The last stock close price is down -1.49% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.05% over the same period. Trade Volume was down over the average, with 0 shares of MGIC changing hands under the typical 20,708

Zacks Investment Research has upgraded Magic Software Enterprises Ltd. (NASDAQ:MGIC) to Hold in a report released on 1/12/2017.

Recent Performance Chart

Magic Software Enterprises Ltd. (NASDAQ:MGIC)

Magic Software Enterprises Ltd. has PE ratio of 20.34 with a one year low of $5.26 and a one year high of $7.89 and has a market capitalization of $0.

General Company Details For Magic Software Enterprises Ltd. (NASDAQ:MGIC)

Magic Software Enterprises Ltd. is a provider of application development, business process integration platforms, vertical software solutions and related professional services. The Company is a vendor of information technology (IT) outsourcing services. Its software technology is used by customers to develop, deploy and integrate on premise, mobile and cloud-based business. It operates through two segments: software solutions and IT professional services. The software services segment includes software technology and complementary services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, and communications services and solutions. Its product portfolio includes Magic xpa Application Platform, AppBuilder Application Platform and Magic xpi Integration Platform. Its vertical software packages include Leap, Hermes Solution, HR Pulse and MBS Solution.

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