Formula Systems (1985) (NASDAQ:FORTY) Sees Large Volume Increase – Time to Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw strong trading volume on Monday . 2,464 shares were traded during trading, an increase of 211% from the previous session’s volume of 792 shares.The stock last traded at $91.06 and had previously closed at $92.31.

Formula Systems (1985) Price Performance

The firm has a market capitalization of $1.40 billion, a P/E ratio of 18.89 and a beta of 1.07. The business’s 50-day simple moving average is $89.95 and its 200 day simple moving average is $82.80. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22.

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

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 stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

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.