Formula Systems (1985) (NASDAQ:FORTY) Sees Unusually-High Trading Volume – What’s Next?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw an uptick in trading volume on Wednesday . 4,789 shares changed hands during mid-day trading, an increase of 472% from the previous session’s volume of 837 shares.The stock last traded at $87.29 and had previously closed at $93.75.

Formula Systems (1985) Stock Down 2.1 %

The firm has a market cap of $1.36 billion, a PE ratio of 18.42 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The firm’s 50-day moving average price is $93.43 and its two-hundred day moving average price is $87.20.

Formula Systems (1985) (NASDAQ:FORTY) last posted its quarterly earnings data 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%. The business had revenue of $691.50 million during the quarter.

Institutional Trading of Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC acquired a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is owned by hedge funds and other institutional investors.

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.