Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $95.92, but opened at $93.22. Formula Systems (1985) shares last traded at $93.67, with a volume of 783 shares changing hands.
Formula Systems (1985) Stock Performance
The company's 50-day simple moving average is $91.39 and its 200-day simple moving average is $85.43. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 18.65 and a beta of 1.10. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.
Institutional Investors Weigh In On Formula Systems (1985)
An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC acquired 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 acquired 2,772 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Stories
Before you consider Formula Systems (1985), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Formula Systems (1985) wasn't on the list.
While Formula Systems (1985) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
