Formula Systems (1985) (NASDAQ:FORTY) Sees Large Volume Increase – Here’s Why

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw unusually-strong trading volume on Tuesday . Approximately 684 shares traded hands during mid-day trading, a decline of 27% from the previous session’s volume of 943 shares.The stock last traded at $96.76 and had previously closed at $99.77.

Formula Systems (1985) Trading Down 3.0 %

The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 20.07 and a beta of 1.07. The business’s 50 day moving average price is $91.29 and its two-hundred day moving average price is $84.60.

Hedge Funds 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 position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is owned by institutional investors.

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.