Formula Systems (1985) (NASDAQ:FORTY) Reaches New 52-Week High – Should You Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $100.00 and last traded at $96.50, with a volume of 1826 shares changing hands. The stock had previously closed at $96.20.

Formula Systems (1985) Stock Down 1.4 %

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 firm has a market cap of $1.51 billion, a PE ratio of 20.43 and a beta of 1.07. The firm’s 50 day moving average is $91.21 and its 200-day moving average is $83.96.

Formula Systems (1985) (NASDAQ:FORTY) last issued its quarterly earnings results on Thursday, November 21st. The technology company reported $1.51 EPS for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

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 Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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.

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.