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

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $96.54 and last traded at $96.05, with a volume of 2784 shares traded. The stock had previously closed at $92.36.

Formula Systems (1985) Trading Up 0.5 %

The firm has a market cap of $1.48 billion, a PE ratio of 20.02 and a beta of 1.07. The stock’s 50 day simple moving average is $90.38 and its 200 day simple moving average is $82.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41.

Formula Systems (1985) (NASDAQ:FORTY) last issued 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 position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is owned by hedge funds and other institutional investors.

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.