Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares saw strong trading volume on Monday . 886 shares changed hands during trading, a decline of 11% from the previous session's volume of 993 shares.The stock last traded at $86.55 and had previously closed at $83.00.
Formula Systems (1985) Stock Performance
The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 18.15 and a beta of 1.08. The firm has a fifty day simple moving average of $88.11 and a 200 day simple moving average of $80.91.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC bought a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,772 shares of the technology company's stock, valued at approximately $222,000. Institutional investors and hedge funds own 34.76% of the company's stock.
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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