Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) dropped 2.9% on Friday . The stock traded as low as $97.24 and last traded at $96.11. Approximately 381 shares were traded during trading, a decline of 52% from the average daily volume of 802 shares. The stock had previously closed at $98.99.
Formula Systems (1985) Trading Down 2.9 %
The company has a fifty day simple moving average of $92.59 and a two-hundred day simple moving average of $86.62. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.48 billion, a P/E ratio of 20.01 and a beta of 1.10.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC purchased a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,772 shares of the technology company's stock, valued at approximately $222,000. Institutional investors and hedge funds 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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