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

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

Formula Systems (1985) Trading Down 1.7 %

FORTY opened at $94.34 on Friday. The firm has a market cap of $1.45 billion, a P/E ratio of 19.57 and a beta of 1.10. Formula Systems has a 12 month low of $69.07 and a 12 month high of $100.00. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $92.96 and a 200 day moving average of $86.74.

About Formula Systems (1985)

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.