Formula Systems (1985) (NASDAQ:FORTY) Stock Rating Upgraded by TheStreet
Formula Systems (1985) (NASDAQ:FORTY) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued on Monday, TheStreetRatingsTable reports.
Shares of FORTY stock opened at $88.51 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.42. Formula Systems has a 12-month low of $62.01 and a 12-month high of $99.06. The stock has a market capitalization of $1.35 billion, a P/E ratio of 30.52 and a beta of 1.04. The firm’s 50 day moving average is $89.73 and its 200 day moving average is $85.96.
Formula Systems (1985) (NASDAQ:FORTY) last released its quarterly earnings results on Wednesday, March 17th. The technology company reported $0.76 earnings per share (EPS) for the quarter. Formula Systems (1985) had a return on equity of 4.93% and a net margin of 2.44%. The firm had revenue of $543.24 million for the quarter.
About Formula Systems (1985)
Formula Systems (1985) Ltd., through its subsidiaries, provides software, proprietary and non-proprietary software, and software product marketing and support services in Israel and internationally. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; database and big data services; customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and professional training courses and advanced professional studies.
Featured Story: Risk Tolerance
Receive News & Ratings for Formula Systems (1985) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Formula Systems (1985) and related companies with MarketBeat.com's FREE daily email newsletter.