Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s stock price dropped 4.4% during trading on Friday . The stock traded as low as $87.78 and last traded at $84.30. Approximately 116 shares changed hands during trading, a decline of 48% from the average daily volume of 224 shares. The stock had previously closed at $88.20.
Formula Systems (1985) Stock Performance
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 fifty day moving average price of $88.21 and a two-hundred day moving average price of $81.76.
Institutional Trading of Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 52.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,711 shares of the technology company's stock after buying an additional 2,303 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $478,000 as of its most recent SEC filing. 34.76% of the stock is currently owned by hedge funds and other institutional investors.
Formula Systems (1985) Company Profile
(
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.
Featured 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
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
