Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Down – Time to Sell?

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) gapped down prior to trading on Wednesday . The stock had previously closed at $89.37, but opened at $85.72. Formula Systems (1985) shares last traded at $89.79, with a volume of 634 shares changing hands.

Formula Systems (1985) Trading Down 0.4 %

The company’s 50 day simple moving average is $88.75 and its 200 day simple moving average is $82.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 18.35 and a beta of 1.07.

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

Institutional Investors Weigh In On Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC bought a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is currently owned by hedge funds and other 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.