Formula Systems (1985) (NASDAQ:FORTY) Stock Price Down 2.9% – Here’s What Happened

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s share price traded down 2.9% during mid-day trading on Friday . The stock traded as low as $97.24 and last traded at $96.11. 381 shares changed hands during trading, a decline of 52% from the average session volume of 802 shares. The stock had previously closed at $98.99.

Formula Systems (1985) Trading Down 0.1 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The company’s fifty day moving average is $91.89 and its 200-day moving average is $86.04. The stock has a market cap of $1.49 billion, a PE ratio of 20.15 and a beta of 1.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,385 shares of the technology company’s stock after purchasing an additional 450 shares during the quarter. 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 institutional investors and hedge funds.

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.