Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Down – Here’s Why

Posted by Jeff Wilder on Mar 25th, 2025

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $93.75, but opened at $89.20. Formula Systems (1985) shares last traded at $89.33, with a volume of 4,789 shares trading hands.

Formula Systems (1985) Price Performance

The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.40 billion, a PE ratio of 19.00 and a beta of 1.10. The business has a 50-day moving average of $93.33 and a 200 day moving average of $87.11.

Formula Systems (1985) (NASDAQ:FORTY – Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%. The company had revenue of $691.50 million during the quarter.

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 purchased a new stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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

(Get Free Report)

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.