Somewhat Positive Media Coverage Somewhat Unlikely to Affect Formula Systems (1985) (FORTY) Share Price

Media stories about Formula Systems (1985) (NASDAQ:FORTY) have trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Formula Systems (1985) earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.598101994533 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of Formula Systems (FORTY) traded down 5.14% during trading on Monday, hitting $40.20. The company had a trading volume of 210 shares. Formula Systems has a 12-month low of $35.52 and a 12-month high of $44.20.

The firm also recently announced a None dividend, which will be paid on Thursday, November 9th. Shareholders of record on Tuesday, October 17th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Monday, October 16th. Formula Systems (1985)’s payout ratio is currently 72.15%.

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About Formula Systems (1985)

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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