Magic Software Enterprises Ltd traded at 5,795.00 this Friday February 20th, decreasing 45.00 or 0.77 percent since the previous trading session. Looking back, over the last four weeks, Magic Software Enterprises lost 27.64 percent. Over the last 12 months, its price rose by 26.39 percent. Looking ahead, we forecast Magic Software Enterprises Ltd to be priced at 5,629.26 by the end of this quarter and at 5,159.95 in one year, according to Trading Economics global macro models projections and analysts expectations.
Magic Software Enterprises Ltd. is a provider of application development, business process integration platforms, vertical software solutions and related professional services. The Company is a vendor of information technology (IT) outsourcing services. Its software technology is used by customers to develop, deploy and integrate on premise, mobile and cloud-based business. It operates through two segments: software solutions and IT professional services. The software services segment includes software technology and complementary services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, and communications services and solutions. Its product portfolio includes Magic xpa Application Platform, AppBuilder Application Platform and Magic xpi Integration Platform. Its vertical software packages include Leap, Hermes Solution, HR Pulse and MBS Solution.