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

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw strong trading volume on Tuesday . 361 shares were traded during 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) Price Performance

The firm has a 50-day moving average of $88.39 and a 200 day moving average of $81.95. The company has a market capitalization of $1.38 billion, a PE ratio of 18.63 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38.

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 third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is currently owned by institutional investors and hedge funds.

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.