Media coverage about Formula Systems (1985) (NASDAQ:FORTY) has trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Formula Systems (1985) earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 47.6786814672509 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Formula Systems (NASDAQ:FORTY) traded up $0.59 during trading on Wednesday, hitting $40.70. 1,100 shares of the stock traded hands, compared to its average volume of 822. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.62 and a current ratio of 1.63. The stock has a market cap of $590.78, a PE ratio of 52.09 and a beta of 0.72. Formula Systems has a 12-month low of $35.52 and a 12-month high of $44.20.
Separately, TheStreet downgraded shares of Formula Systems (1985) from a “b-” rating to a “c+” rating in a report on Friday, November 17th.
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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