Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY – Get Free Report) saw an uptick in trading volume on Friday . 1,784 shares were traded during trading, an increase of 138% from the previous session’s volume of 750 shares.The stock last traded at $75.13 and had previously closed at $72.30.
Formula Systems (1985) Price Performance
The stock has a market cap of $1.16 billion, a P/E ratio of 18.01 and a beta of 1.09. The firm has a 50-day moving average price of $75.37 and a 200-day moving average price of $75.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.30 and a current ratio of 1.33.
Formula Systems (1985) (NASDAQ:FORTY – Get Free Report) last posted its quarterly earnings data on Wednesday, May 22nd. The technology company reported $1.10 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 5.17% and a net margin of 2.47%. The company had revenue of $698.40 million during the quarter.
Hedge Funds Weigh In On Formula Systems (1985)
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.
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