Formula Systems (1985) (NASDAQ:FORTY) Hits New 12-Month High – What’s Next?

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) reached a new 52-week high during trading 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) Stock Performance

The stock’s fifty day simple moving average is $90.92 and its 200-day simple moving average is $83.25. 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 company has a market capitalization of $1.47 billion, a PE ratio of 19.95 and a beta of 1.07.

Formula Systems (1985) (NASDAQ:FORTY) last released its quarterly earnings data on Thursday, November 21st. The technology company reported $1.51 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.

Institutional Trading of Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC bought a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,772 shares of the technology company’s stock, valued at approximately $222,000. Institutional investors and hedge funds 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.