$Magic Software Enterprises (MGIC.US)$ As of April 17, 2024,...
$Magic Software Enterprises (MGIC.US)$ As of April 17, 2024, the current price is 11.55, with a 8% unrealized loss on hold positions.
New data: Q3 2023, Q4 2023, revenue, operating profit, and net income all continued to shrink significantly.
In 2023, revenue shrank by 5.6%, operating profit shrank by 7.5%, net income shrank by 8.5%, and return on equity decreased to 14%.
Currently, the PE ratio is 15.4, dividend yield is 5.4%. Considering the significant decline in profitability over the past two quarters, I will temporarily withdraw and observe.
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