Formula Systems (1985) (FORTY) Earning Somewhat Positive Press Coverage, Study Shows

Headlines about Formula Systems (1985) (NASDAQ:FORTY) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing 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 gave news headlines about the technology company an impact score of 45.3672585356263 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Separately, TheStreet cut Formula Systems (1985) from a “b-” rating to a “c+” rating in a research report on Friday, November 17th.

Shares of Formula Systems (NASDAQ:FORTY) opened at $41.79 on Monday. The company has a market capitalization of $615.58, a PE ratio of 54.28 and a beta of 0.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.62 and a current ratio of 1.63. Formula Systems has a 52-week low of $35.52 and a 52-week high of $44.20.

The business also recently disclosed a None dividend, which was paid on Thursday, November 9th. Stockholders of record on Tuesday, October 17th were issued a $0.235 dividend. The ex-dividend date was Monday, October 16th. Formula Systems (1985)’s dividend payout ratio (DPR) is presently 74.03%.

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Formula Systems (1985) Company Profile

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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