News stories about Formula Systems (1985) (NASDAQ:FORTY) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Formula Systems (1985) earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 47.110348900261 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Formula Systems (NASDAQ:FORTY) remained flat at $37.60 during trading on Friday. The company had a trading volume of 101 shares. The firm has a market cap of $539.11 million, a PE ratio of 46.65 and a beta of 0.75. The firm’s 50 day moving average price is $37.47 and its 200-day moving average price is $39.57. Formula Systems has a one year low of $35.52 and a one year high of $44.20.

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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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