Magic Software Enterprises Hits Day Low of $17.25 Amid Price Pressure

Magic Software Enterprises has experienced significant activity today, with the stock hitting an intraday low of USD 17.25, reflecting a decline of 8.81% on February 23, 2026. This drop is part of a broader trend, as the stock has seen a 10.41% decrease over the past day, contrasting sharply with the S&P 500's modest gain of 0.69% during the same period. Over the past week, Magic Software has declined by 8.04%, and its performance over the last month shows a notable decrease of 35.56%. Despite these short-term challenges, the company has demonstrated resilience over the past year, achieving a return of 38.38%, significantly outperforming the S&P 500's 12.95% return. Financial metrics indicate a high management efficiency, with a return on equity (ROE) of 17.24% and a low debt-to-equity ratio, suggesting a stable financial position. The stock is currently trading at a price-to-book ratio of 3.45, indicating a fair valuation compared to its peers. With a market capitalization of USD 953 million, Magic Software remains a notable player in the software products industry.