Formula Systems (1985) (NASDAQ:FORTY) Stock Price Down 2.9% – What’s Next?

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s stock price was down 2.9% during trading on Friday . The stock traded as low as $97.24 and last traded at $96.11. Approximately 381 shares changed hands during trading, a decline of 52% from the average daily volume of 802 shares. The stock had previously closed at $98.99.

Formula Systems (1985) Trading Down 0.1 %

The firm’s 50 day moving average price is $92.17 and its 200-day moving average price is $86.27. The stock has a market cap of $1.49 billion, a P/E ratio of 20.15 and a beta of 1.10. 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 Trading of Formula Systems (1985)

A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its holdings in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,385 shares of the technology company’s stock after buying an additional 450 shares during the period. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent quarter. 34.76% of the stock is owned by institutional investors and hedge funds.

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.