Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $96.54 and last traded at $96.05, with a volume of 2784 shares trading hands. The stock had previously closed at $92.36.
Formula Systems (1985) Trading Up 0.5 %
The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The firm has a market cap of $1.48 billion, a P/E ratio of 20.02 and a beta of 1.07. The firm has a 50 day simple moving average of $90.52 and a 200 day simple moving average of $83.03.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted 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%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC purchased a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,772 shares of the technology company's stock, valued at approximately $222,000. Hedge funds and other institutional investors own 34.76% of the company's stock.
Formula Systems (1985) Company Profile
(
Get Free Report)
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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