Formula Systems (1985) (NASDAQ:FORTY) Sees Unusually-High Trading Volume – Should You Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares saw strong trading volume on Thursday . 1,056 shares traded hands during trading, an increase of 30% from the previous session’s volume of 813 shares.The stock last traded at $94.34 and had previously closed at $96.00.

Formula Systems (1985) Stock Performance

The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 19.57 and a beta of 1.10. The stock’s 50 day moving average price is $92.79 and its two-hundred day moving average price is $86.69.

Formula Systems (1985) (NASDAQ:FORTY) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.

Hedge Funds Weigh In On Formula Systems (1985)

A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd lifted its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,385 shares of the technology company’s stock after acquiring an additional 450 shares during the period. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $536,000 as of its most recent SEC filing. 34.76% of the stock is owned by hedge funds and other institutional investors.

About Formula Systems (1985)

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.