Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 1,148 shares changed hands during trading, an increase of 22% from the previous session's volume of 939 shares.The stock last traded at $96.50 and had previously closed at $96.00.
Formula Systems (1985) Price Performance
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 stock's 50-day moving average is $90.92 and its two-hundred day moving average is $83.25. The stock has a market cap of $1.50 billion, a PE ratio of 20.36 and a beta of 1.07.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its earnings results on Thursday, November 21st. The technology company reported $1.51 EPS for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC acquired a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 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.
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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