Formula Systems (1985) (NASDAQ:FORTY) Hits New 52-Week High – Should You Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $96.54 and last traded at $96.05, with a volume of 2784 shares traded. The stock had previously closed at $92.36.

Formula Systems (1985) Trading Up 4.0 %

The firm has a fifty day moving average of $89.95 and a two-hundred day moving average of $82.80. The company has a market cap of $1.47 billion, a PE ratio of 19.93 and a beta of 1.07. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

Formula Systems (1985) (NASDAQ:FORTY) last released its quarterly earnings data on Thursday, November 21st. The technology company reported $1.51 earnings per share for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

Institutional Investors Weigh In On Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC purchased a new stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. 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

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.