Somewhat Positive Media Coverage Somewhat Unlikely to Affect Formula Systems (1985) (FORTY) Share Price
Headlines about Formula Systems (1985) (NASDAQ:FORTY) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Formula Systems (1985) earned a news impact score of 0.21 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 47.4700790373215 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Separately, TheStreet cut shares of Formula Systems (1985) from a “b-” rating to a “c+” rating in a research note on Friday, November 17th.
Shares of Formula Systems (NASDAQ:FORTY) traded up $0.59 during mid-day trading on Wednesday, hitting $40.70. 1,100 shares of the stock were exchanged, compared to its average volume of 822. Formula Systems has a 52 week low of $35.52 and a 52 week high of $44.20. The firm has a market cap of $590.78, a PE ratio of 52.09 and a beta of 0.72. The company has a current ratio of 1.63, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18.
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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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