Formula Systems (1985) Ltd. (NASDAQ:FORTY) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $103.69 and traded as high as $118.80. Formula Systems (1985) shares last traded at $117.20, with a volume of 7,638 shares changing hands.
The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33. The company has a 50-day simple moving average of $120.06 and a 200 day simple moving average of $103.69. The firm has a market cap of $1.79 billion, a PE ratio of 35.84 and a beta of 1.08.
Formula Systems (1985) (NASDAQ:FORTY) last announced its earnings results on Thursday, November 18th. The technology company reported $0.85 earnings per share for the quarter. The business had revenue of $586.26 million during the quarter. Formula Systems (1985) had a return on equity of 4.55% and a net margin of 2.22%.
About Formula Systems (1985) (NASDAQ:FORTY)
Formula Systems (1985) Ltd. engages in the provision of software solutions and IT professional services. It operates through the following segments: Matrix, Sapiens, Magic Software, and Other. The company was founded on April 2, 1985 and is headquartered in Or Yehuda, Israel.
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