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

Formula Systems (1985) (NASDAQ:FORTY) announced its quarterly earnings data on Thursday. The technology company reported $1.28 earnings per share (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) Stock Performance

Shares of Formula Systems (1985) stock opened at $92.93 on Thursday. Formula Systems has a 12 month low of $69.07 and a 12 month high of $100.65. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.42 billion, a PE ratio of 20.22 and a beta of 1.10. The business has a fifty day simple moving average of $92.79 and a 200-day simple moving average of $86.69.

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.