Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $89.48 and last traded at $89.48, with a volume of 8 shares changing hands. The stock had previously closed at $85.25.
Formula Systems (1985) Stock Up 5.0 %
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 $1.37 billion, a price-to-earnings ratio of 17.69 and a beta of 1.09. The firm has a 50-day moving average price of $80.90 and a two-hundred day moving average price of $77.94.
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 third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,772 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is owned by institutional investors.
About Formula Systems (1985)
(
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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