Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Down – Here’s What Happened

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $89.37, but opened at $85.72. Formula Systems (1985) shares last traded at $89.79, with a volume of 634 shares trading hands.

Formula Systems (1985) Stock Performance

The company has a market cap of $1.38 billion, a P/E ratio of 18.63 and a beta of 1.07. The stock has a fifty day moving average price of $88.56 and a two-hundred day moving average price of $82.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38.

Formula Systems (1985) (NASDAQ:FORTY) last announced its quarterly earnings results on Thursday, November 21st. The technology company reported $1.51 earnings per share (EPS) for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.

Institutional Trading of 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) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. Institutional investors and hedge funds 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.