Formula Systems (1985) (NASDAQ:FORTY) Sees Strong Trading Volume – Here’s What Happened

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw unusually-strong trading volume on Monday . Approximately 886 shares changed hands 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) Stock Performance

The business has a 50-day simple moving average of $88.15 and a 200 day simple moving average of $81.01. 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 cap of $1.32 billion, a PE ratio of 17.84 and a beta of 1.08.

Institutional Trading of Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC acquired a new stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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.

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.