Formula Systems (1985) (NASDAQ:FORTY) Sees Unusually-High Trading Volume – Time to Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw unusually-strong trading volume on Tuesday . Approximately 361 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 427 shares.The stock last traded at $89.79 and had previously closed at $87.78.

Formula Systems (1985) Stock Up 0.5 %

The business’s fifty day moving average price is $88.39 and its two-hundred day moving average price is $81.95. 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 stock has a market capitalization of $1.38 billion, a PE ratio of 18.63 and a beta of 1.07.

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 52.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,711 shares of the technology company’s stock after purchasing an additional 2,303 shares during the period. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $478,000 as of its most recent filing with the Securities and Exchange Commission. 34.76% of the stock is currently owned by hedge funds and other 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.