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

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw strong trading volume on Monday . 886 shares were traded during 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 stock has a market capitalization of $1.32 billion, a PE ratio of 17.84 and a beta of 1.08. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $88.15 and its 200-day moving average price is $81.01.

Institutional Trading of Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC bought a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 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.