Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $89.00, but opened at $83.70. Formula Systems (1985) shares last traded at $83.00, with a volume of 1,107 shares changing hands.
Formula Systems (1985) Price Performance
The company has a market cap of $1.27 billion, a price-to-earnings ratio of 17.22 and a beta of 1.08. The stock's 50-day simple moving average is $88.03 and its 200 day simple moving average is $80.58. 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
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC purchased a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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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