Formula Systems (1985) (FORTY) Given News Impact Rating of 0.08

Headlines about Formula Systems (1985) (NASDAQ:FORTY) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news 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 coverage optimism score of 0.08 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 47.6827946202236 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Formula Systems (FORTY) remained flat at $42.38 on Friday. The company had a trading volume of 1 shares. The company’s 50-day moving average price is $41.46 and its 200-day moving average price is $39.71. Formula Systems has a 12-month low of $35.52 and a 12-month high of $44.20. The company has a market cap of $607.64 million, a P/E ratio of 52.58 and a beta of 0.74.

The business also recently declared a None dividend, which will be paid on Thursday, November 9th. Shareholders of record on Tuesday, October 17th will be given a dividend of $0.235 per share. The ex-dividend date is Monday, October 16th. Formula Systems (1985)’s payout ratio is 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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