Formula Systems 1985 Ltd traded at 50,890.00 this Monday February 2nd, increasing 1,440.00 or 2.91 percent since the previous trading session. Looking back, over the last four weeks, Formula Systems 1985 gained 5.64 percent. Over the last 12 months, its price rose by 58.54 percent. Looking ahead, we forecast Formula Systems 1985 Ltd to be priced at 48,025.84 by the end of this quarter and at 43,994.76 in one year, according to Trading Economics global macro models projections and analysts expectations.
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. The Company operates through two segments: software services and IT professional services. The software services segment develops markets, sells and supports an application platform, software applications, business and process integration solutions, and related services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services.