Formula Systems (1985) (FORTY) Getting Somewhat Positive News Coverage, Report Finds
Press coverage about Formula Systems (1985) (NASDAQ:FORTY) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Formula Systems (1985) earned a news impact score of 0.14 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.0656749743023 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Formula Systems (NASDAQ FORTY) remained flat at $$40.55 during midday trading on Friday. 4 shares of the company’s stock were exchanged, compared to its average volume of 232. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.51 and a current ratio of 1.52. Formula Systems has a 12-month low of $35.52 and a 12-month high of $44.20. The stock has a market capitalization of $597.26, a price-to-earnings ratio of 51.33 and a beta of 0.73.
The company also recently disclosed a None dividend, which will be paid on Thursday, November 9th. Shareholders of record on Tuesday, October 17th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Monday, October 16th. Formula Systems (1985)’s dividend payout ratio is 72.15%.
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About Formula Systems (1985)
Formula Systems (1985) Ltd. (Formula) is a global information technology (IT) solutions and services holding company. The Company, through its directly held subsidiary and affiliated companies, is engaged in providing software solutions and services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.
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