Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Down – Time to Sell?

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) gapped down prior to trading on Monday . The stock had previously closed at $95.92, but opened at $93.22. Formula Systems (1985) shares last traded at $93.67, with a volume of 783 shares traded.

Formula Systems (1985) Stock Performance

The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $91.41 and a 200 day moving average price of $85.17. The stock has a market cap of $1.44 billion, a PE ratio of 19.43 and a beta of 1.07.

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 position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund 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.

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.