Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $86.00, but opened at $80.15. Formula Systems (1985) shares last traded at $83.05, with a volume of 3,640 shares.
Formula Systems (1985) Stock Performance
The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.27 billion, a P/E ratio of 17.22 and a beta of 1.07. The company has a 50 day moving average price of $88.18 and a 200-day moving average price of $81.07.
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 bought a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (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 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.
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