Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 1,800 shares, a decline of 28.0% from the February 13th total of 2,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 600 shares, the short-interest ratio is presently 3.0 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC acquired a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,772 shares of the technology company's stock, valued at approximately $222,000. Institutional investors and hedge funds own 34.76% of the company's stock.
Formula Systems (1985) Price Performance
Shares of Formula Systems (1985) stock traded down $1.66 on Thursday, hitting $94.34. The company's stock had a trading volume of 1,488 shares, compared to its average volume of 816. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. Formula Systems has a 1 year low of $69.07 and a 1 year high of $100.65. The firm has a fifty day moving average price of $92.79 and a 200-day moving average price of $86.69. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 19.57 and a beta of 1.10.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $1.28 EPS for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.
Formula Systems (1985) Company Profile
(
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Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.
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