Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,329 shares traded hands during mid-day trading, an increase of 183% from the previous session's volume of 470 shares.The stock last traded at $88.09 and had previously closed at $86.98.
Formula Systems (1985) Price Performance
The company's fifty day moving average is $89.57 and its two-hundred day moving average is $82.53. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 18.89 and a beta of 1.07. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings results on Thursday, November 21st. The technology company reported $1.51 earnings per share 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
An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC acquired a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 and hedge funds.
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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