Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Down – What’s Next?

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $86.00, but opened at $80.15. Formula Systems (1985) shares last traded at $83.05, with a volume of 3,640 shares traded.

Formula Systems (1985) Stock Down 3.4 %

The stock has a market cap of $1.27 billion, a PE ratio of 17.23 and a beta of 1.07. The business has a fifty day moving average of $88.18 and a 200-day moving average of $81.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38.

Institutional Inflows and Outflows

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 filing with the SEC. The institutional investor acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. Hedge funds and other institutional investors 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.