Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Up – What’s Next?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) gapped up before the market opened on Thursday . The stock had previously closed at $96.48, but opened at $98.99. Formula Systems (1985) shares last traded at $97.49, with a volume of 227 shares.

Formula Systems (1985) Trading Down 1.9 %

The firm has a market capitalization of $1.49 billion, a PE ratio of 20.15 and a beta of 1.10. 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 business’s fifty day moving average price is $91.62 and its 200 day moving average price is $85.97.

Institutional Investors 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 disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is owned by institutional investors and hedge funds.

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.