Formula Systems (1985) (NASDAQ:FORTY) Sees Large Volume Increase – Here’s What Happened

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares saw unusually-strong trading volume on Tuesday . Approximately 1,329 shares were traded during 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 1.3 %

The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 18.28 and a beta of 1.07. The business has a 50-day moving average of $89.10 and a two-hundred day moving average of $82.36. 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:FORTY) last released its earnings results on Thursday, November 21st. The technology company reported $1.51 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.

Institutional Inflows and Outflows

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) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is owned by institutional investors.

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.