Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $100.00 and last traded at $96.50, with a volume of 1826 shares changing hands. The stock had previously closed at $96.20.
Formula Systems (1985) Price Performance
The company has a market cap of $1.51 billion, a P/E ratio of 20.43 and a beta of 1.07. The company has a fifty day simple moving average of $91.29 and a 200-day simple moving average of $84.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its earnings results on Thursday, November 21st. The technology company reported $1.51 earnings per share (EPS) for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.
Hedge Funds Weigh In On Formula Systems (1985)
An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC purchased a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,772 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is currently owned by institutional investors.
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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