Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Up – Here’s Why

Formula Systems (1985) Ltd. (NASDAQ:FORTYGet Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $82.99, but opened at $87.24. Formula Systems (1985) shares last traded at $87.24, with a volume of 162 shares.

Formula Systems (1985) Stock Up 4.1 %

The stock has a market capitalization of $1.32 billion, a P/E ratio of 17.93 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The stock’s fifty day moving average is $88.08 and its two-hundred day moving average is $81.37.

Institutional Trading of 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 Formula Systems (1985) Ltd. (NASDAQ:FORTYFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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

(Get Free Report)

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.

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