Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $79.10 and traded as high as $96.47. Formula Systems (1985) shares last traded at $95.25, with a volume of 541 shares trading hands.
Formula Systems (1985) Stock Performance
The stock has a fifty day moving average of $85.37 and a 200-day moving average of $79.21. The firm has a market capitalization of $1.43 billion, a P/E ratio of 19.37 and a beta of 1.08. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC bought a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,772 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is owned by institutional investors.
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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