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

Formula Systems (1985) Ltd. (NASDAQ:FORTY) dropped 2.9% on Friday . The stock traded as low as $97.24 and last traded at $96.11. Approximately 381 shares were traded 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) Stock Down 0.1 %

The company has a market capitalization of $1.49 billion, a P/E ratio of 20.15 and a beta of 1.10. The company has a 50 day simple moving average of $92.17 and a two-hundred day simple moving average of $86.27. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC purchased a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is currently owned by institutional investors.

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.