Formula Systems (1985) (NASDAQ:FORTY) Sees Strong Trading Volume – What’s Next?

Formula Systems (1985) Ltd. (NASDAQ:FORTYGet Free Report) shares saw an uptick in trading volume on Tuesday . 361 shares were traded during trading, a decline of 15% from the previous session’s volume of 427 shares.The stock last traded at $89.79 and had previously closed at $87.78.

Formula Systems (1985) Price Performance

The stock’s 50-day moving average price is $88.75 and its 200-day moving average price is $82.13. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 18.35 and a beta of 1.07. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22.

Formula Systems (1985) (NASDAQ:FORTYGet Free Report) last announced its earnings results on Thursday, November 21st. The technology company reported $1.51 earnings per share (EPS) for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

Hedge Funds Weigh In On Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC acquired a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTYFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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)

(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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