Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw an uptick in trading volume on Monday . 2,464 shares were traded during mid-day trading, an increase of 211% from the previous session's volume of 792 shares.The stock last traded at $91.06 and had previously closed at $92.31.
Formula Systems (1985) Stock Down 1.0 %
The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The stock's 50-day moving average price is $90.38 and its 200-day moving average price is $82.98. The company has a market cap of $1.47 billion, a P/E ratio of 19.83 and a beta of 1.07.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its earnings results on Thursday, November 21st. The technology company reported $1.51 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC bought a new stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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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