Formula Systems (1985) (FORTY) Receiving Somewhat Favorable Press Coverage, Analysis Finds

Media stories about Formula Systems (1985) (NASDAQ:FORTY) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Formula Systems (1985) earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 47.6786814672509 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Formula Systems (FORTY) traded up $0.14 on Tuesday, hitting $41.79. The stock had a trading volume of 300 shares, compared to its average volume of 811. Formula Systems has a fifty-two week low of $35.52 and a fifty-two week high of $44.20. The stock has a market cap of $615.58, a P/E ratio of 54.28 and a beta of 0.73. The company has a current ratio of 1.63, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18.

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

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

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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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