Formula Systems (1985) (NASDAQ:FORTY) Stock Price Down 4.2% – Here’s Why

Formula Systems (1985) Ltd. (NASDAQ:FORTY) traded down 4.2% during trading on Wednesday . The company traded as low as $89.81 and last traded at $91.78. 600 shares were traded during mid-day trading, a decline of 30% from the average session volume of 860 shares. The stock had previously closed at $95.77.

Formula Systems (1985) Stock Down 2.2 %

The firm has a market capitalization of $1.44 billion, a PE ratio of 19.43 and a beta of 1.10. The business’s fifty day moving average price is $91.39 and its 200 day moving average price is $85.37. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22.

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 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 Form 13F filing with the Securities & Exchange Commission. The fund acquired 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.