Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 1,056 shares traded hands during mid-day trading, an increase of 30% from the previous session's volume of 813 shares.The stock last traded at $94.34 and had previously closed at $96.00.
Formula Systems (1985) Trading Down 3.6 %
The company has a 50 day simple moving average of $93.15 and a 200 day simple moving average of $86.92. The company has a market capitalization of $1.42 billion, a PE ratio of 19.21 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $1.28 EPS for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%. The firm had revenue of $691.50 million during the quarter.
Institutional Trading of Formula Systems (1985)
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) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,772 shares of the technology company's stock, valued at approximately $222,000. Institutional investors 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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