Wall Street await Formula Systems (1985) Ltd. (ADR) (NASDAQ:FORTY) to release earnings on March, 10. The stock decreased 3.08% or $0.94 on March 8, hitting $29.56. Formula Systems (1985) Ltd. (ADR) (NASDAQ:FORTY) has declined 3.21% since August 3, 2015 and is downtrending. It has outperformed by 2.45% the S&P500.
Formula Systems Ltd. is an Israel IT solutions and services holding company. The company has a market cap of $437.83 million. The Company, through its directly held subsidiaries and affiliates, is engaged in providing proprietary and non-proprietary software solutions and services, software product marketing and support, computer infrastructure and integration solutions and learning and integration. It has 14.49 P/E ratio. It operates through its subsidiary: Matrix and through its affiliated companies Magic Software and Sapiens.
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