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

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw an uptick in trading volume on Monday . 1,148 shares were traded during trading, an increase of 22% from the previous session’s volume of 939 shares.The stock last traded at $96.50 and had previously closed at $96.00.

Formula Systems (1985) Trading Down 1.5 %

The stock has a 50 day moving average of $90.78 and a 200 day moving average of $83.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The firm has a market cap of $1.47 billion, a P/E ratio of 19.94 and a beta of 1.07.

Formula Systems (1985) (NASDAQ:FORTY) last posted its quarterly 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 Investors Weigh In On Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC acquired a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the third quarter, according to its most recent filing with the SEC. The firm acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is owned by institutional investors and hedge funds.

About Formula Systems (1985)

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.