Formula Systems (1985) (NASDAQ:FORTY) Hits New 1-Year High – Here’s What Happened

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $97.52 and last traded at $95.73, with a volume of 200 shares trading hands. The stock had previously closed at $96.00.

Formula Systems (1985) Price Performance

The stock’s 50 day moving average price is $90.65 and its two-hundred day moving average price is $83.09. 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 firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 19.86 and a beta of 1.07.

Formula Systems (1985) (NASDAQ:FORTY) last released 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 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 acquired a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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.