Formula Systems (1985) (NASDAQ:FORTY) Sees Strong Trading Volume – Here’s Why

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw unusually-strong trading volume on Tuesday . Approximately 1,329 shares changed hands during mid-day trading, an increase of 183% from the previous session’s volume of 470 shares.The stock last traded at $88.09 and had previously closed at $86.98.

Formula Systems (1985) Trading Up 0.4 %

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 fifty day moving average price of $89.40 and a two-hundred day moving average price of $82.47. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 18.28 and a beta of 1.07.

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

Institutional Inflows and Outflows

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) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. Institutional investors own 34.76% of the company’s stock.

Formula Systems (1985) Company Profile

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.