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

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw strong trading volume on Monday . 886 shares changed hands during mid-day trading, a decline of 11% from the previous session’s volume of 993 shares.The stock last traded at $86.55 and had previously closed at $83.00.

Formula Systems (1985) Price Performance

The firm has a 50-day moving average of $88.04 and a 200-day moving average of $80.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The firm has a market capitalization of $1.34 billion, a P/E ratio of 18.15 and a beta of 1.08.

Hedge Funds Weigh In On Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC purchased a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,772 shares of the technology company’s stock, valued at approximately $222,000. Institutional investors own 34.76% of the company’s stock.

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.