Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Formula Systems (1985) (FORTY) Share Price
Headlines about Formula Systems (1985) (NASDAQ:FORTY) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Formula Systems (1985) earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.8777170252587 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Formula Systems (FORTY) remained flat at $42.38 during mid-day trading on Tuesday. 12 shares of the stock traded hands. The stock has a 50-day moving average of $41.38 and a 200-day moving average of $39.67. Formula Systems has a 52 week low of $35.52 and a 52 week high of $44.20. The firm has a market capitalization of $607.64 million, a price-to-earnings ratio of 52.58 and a beta of 0.74.
The business also recently announced a None dividend, which will be paid on Thursday, November 9th. Investors of record on Tuesday, October 17th will be given a $0.235 dividend. The ex-dividend date is Monday, October 16th. Formula Systems (1985)’s dividend payout ratio is presently 72.15%.
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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