(MGIC) Magic Software Enterprises - Ratings and Ratios

Magic Software Enterprises Ltd (NASDAQ:MGIC) is a global provider of application development platforms, vertical software solutions, and IT outsourcing services. The company specializes in enabling businesses to streamline operations through its proprietary software platforms, including Magic xpa, AppBuilder, Magic xpi, and Magic SmartUX. These tools support the development, integration, and deployment of business applications across industries. Additionally, Magic Software offers tailored vertical solutions for healthcare, broadcasting, cargo management, and consumer goods distribution, addressing specific industry challenges.

The company operates through two main segments: Software Services and IT Professional Services. Its Software Services segment focuses on developing and marketing application platforms and integration solutions, while the IT Professional Services segment delivers infrastructure design, application development, and outsourcing services. Magic Software also provides software maintenance, support, and consulting services to ensure clients maximize the value of their investments.

Founded in 1983 and headquartered in Or Yehuda, Israel, Magic Software has established a strong presence in over 50 countries. Its solutions are designed to support digital transformation initiatives, improve operational efficiency, and enhance decision-making capabilities for businesses worldwide.

Based on the provided data, MGICs stock has shown a steady uptrend with the SMA 20 (13.33) and SMA 50 (12.95) both below the last price of 13.84, indicating short-term bullish momentum. However, the SMA 200 (11.59) suggests long-term growth potential. The ATR of 0.39 indicates moderate volatility. Fundamentally, the P/E ratio of 18.51 reflects investor confidence in future earnings, though the forward P/E of 23.92 signals expectations of higher growth. The P/B ratio of 2.46 indicates the stock is trading above its book value, while the P/S ratio of 1.23 suggests reasonable valuation relative to sales. With an RoE of 13.40%, the company demonstrates efficient profitability. Overall, MGIC is positioned for continued growth, supported by its diverse product portfolio and strong financial metrics.