Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $99.33, but opened at $96.70. Formula Systems (1985) shares last traded at $95.65, with a volume of 163 shares traded.
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 fifty day moving average price is $93.15 and its 200-day moving average price is $87.01. The firm has a market cap of $1.42 billion, a PE ratio of 19.21 and a beta of 1.10.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) for the quarter. The company had revenue of $691.50 million during the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.
Institutional Investors Weigh In On Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd increased its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,385 shares of the technology company's stock after buying an additional 450 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 34.76% of the company's stock.
About Formula Systems (1985)
(
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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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