Formula Systems (1985) (NASDAQ:FORTY) Hits New 12-Month High – Should You Buy?

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

Formula Systems (1985) Trading Down 0.3 %

The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 19.86 and a beta of 1.07. The company has a fifty day simple moving average of $90.65 and a 200-day simple moving average of $83.09.

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%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC acquired a new stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. Hedge funds and other 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.