Formula Systems (1985) (NASDAQ:FORTY) Reaches New 12-Month High – Time to Buy?

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTYGet Free Report) hit a new 52-week high on Friday . The stock traded as high as $89.48 and last traded at $89.48, with a volume of 8 shares trading hands. The stock had previously closed at $85.25.

Formula Systems (1985) Stock Up 5.0 %

The firm has a 50 day simple moving average of $80.90 and a two-hundred day simple moving average of $77.94. The company has a market capitalization of $1.37 billion, a PE ratio of 17.69 and a beta of 1.09. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

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 its most recent Form 13F filing with the SEC. The firm purchased 2,772 shares of the technology company’s stock, valued at approximately $222,000. Institutional investors own 34.76% of the company’s stock.

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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