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In a remarkable display of market confidence, Formula Systems (1985) Ltd (NASDAQ:FORTY) stock has reached a 52-week high, touching $95.85 in recent trading. According to InvestingPro data, the company maintains a "GREAT" financial health score and operates with a moderate debt-to-equity ratio of 1.03. This peak represents a significant milestone for the IT solutions and services provider, underscoring a period of robust growth. Over the past year, the company has seen its stock value surge by an impressive 53.68%, supported by solid fundamentals including a healthy EBITDA of $301.38M and consistent dividend payments for 12 consecutive years. InvestingPro analysis suggests the stock remains undervalued despite its recent gains. This bullish trend for Formula Systems reflects a broader enthusiasm in the tech sector, as investors continue to seek out companies with solid fundamentals and the potential for sustained growth. Get access to 8 more exclusive InvestingPro Tips for Formula Systems by visiting InvestingPro.
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