Formula Systems (1985) (NASDAQ:FORTY) Posts Earnings Results

Formula Systems (1985) (NASDAQ:FORTY) posted its earnings results on Thursday. The technology company reported $1.28 EPS for the quarter, Zacks reports. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

Formula Systems (1985) Trading Down 2.4 %

FORTY opened at $94.34 on Thursday. The stock has a market capitalization of $1.45 billion, a PE ratio of 19.28 and a beta of 1.10. The firm’s fifty day moving average price is $92.79 and its 200 day moving average price is $86.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. Formula Systems has a 12-month low of $69.07 and a 12-month high of $100.65.

Formula Systems (1985) Company Profile

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.