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

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $99.33, but opened at $96.70. Formula Systems (1985) shares last traded at $95.65, with a volume of 163 shares trading hands.

Formula Systems (1985) Stock Performance

The stock has a market cap of $1.45 billion, a P/E ratio of 19.57 and a beta of 1.10. The firm’s 50-day moving average is $92.96 and its two-hundred day moving average is $86.74. 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 quarterly earnings data on Thursday, March 20th. The technology company reported $1.28 earnings per share for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

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 stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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.