Formula Systems (1985) (NASDAQ:FORTY) Hits New 12-Month High – Should You Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $100.00 and last traded at $96.50, with a volume of 1826 shares traded. The stock had previously closed at $96.20.

Formula Systems (1985) Stock Up 0.9 %

The stock has a 50 day moving average of $91.10 and a 200 day moving average of $83.67. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 20.74 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: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 return on equity of 5.68% and a net margin of 2.78%.

Hedge Funds Weigh In On Formula Systems (1985)

A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,385 shares of the technology company’s stock after purchasing an additional 450 shares during the quarter. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $536,000 as of its most recent filing with the Securities and Exchange Commission. 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.