Formula Systems (1985) (NASDAQ:FORTY) Announces Earnings Results

Formula Systems (1985) (NASDAQ:FORTY) posted its earnings results on Thursday. The technology company reported $1.28 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $691.50 million for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.

Formula Systems (1985) Stock Down 3.6 %

FORTY stock opened at $92.58 on Friday. The stock has a market capitalization of $1.42 billion, a P/E ratio of 19.21 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. Formula Systems has a one year low of $69.07 and a one year high of $100.00. The company has a 50 day moving average price of $93.15 and a two-hundred day moving average price of $86.85.

About Formula Systems (1985)

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.