Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Down – Should You Sell?

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $99.33, but opened at $96.70. Formula Systems (1985) shares last traded at $95.65, with a volume of 163 shares traded.

Formula Systems (1985) Stock Down 2.2 %

The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 20.15 and a beta of 1.10. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average is $92.59 and its two-hundred day moving average is $86.62.

Hedge Funds Weigh In On Formula Systems (1985)

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd increased its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,385 shares of the technology company’s stock after acquiring an additional 450 shares during the period. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent quarter. 34.76% of the stock is owned by 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.