Formula Systems (1985) (NASDAQ:FORTY) Sees Large Volume Increase – Time to Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw unusually-high trading volume on Monday . Approximately 1,148 shares were traded during trading, an increase of 22% from the previous session’s volume of 939 shares.The stock last traded at $96.50 and had previously closed at $96.00.

Formula Systems (1985) Trading Down 1.5 %

The stock has a 50 day moving average of $90.78 and a 200-day moving average of $83.16. The company has a market capitalization of $1.47 billion, a P/E ratio of 19.94 and a beta of 1.07. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

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

Institutional Trading of Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC acquired a new stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. 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.