Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price dropped 7.4% during mid-day trading on Friday . The company traded as low as $92.89 and last traded at $88.88. Approximately 1,528 shares were traded during trading, an increase of 88% from the average daily volume of 813 shares. The stock had previously closed at $96.00.
Formula Systems (1985) Stock Down 2.3 %
The firm has a market cap of $1.40 billion, a P/E ratio of 19.00 and a beta of 1.10. The company's 50-day simple moving average is $93.43 and its 200 day simple moving average is $87.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.28 EPS for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%. The firm had revenue of $691.50 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC acquired a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,772 shares of the technology company's stock, valued at approximately $222,000. Institutional investors 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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