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

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

Shares of NASDAQ FORTY opened at $94.34 on Thursday. Formula Systems has a twelve month low of $69.07 and a twelve month high of $100.65. 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 company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 19.28 and a beta of 1.10. The firm has a 50-day moving average of $92.79 and a two-hundred day moving average of $86.69.

Formula Systems (1985) Company Profile

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.