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

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $97.35, but opened at $92.69. Formula Systems (1985) shares last traded at $96.10, with a volume of 2,146 shares trading hands.

Formula Systems (1985) Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The company has a 50-day moving average of $90.92 and a 200-day moving average of $83.25. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 20.36 and a beta of 1.07.

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

Institutional Investors Weigh In On Formula Systems (1985)

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd lifted its stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,385 shares of the technology company’s stock after acquiring an additional 450 shares during the quarter. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $536,000 as of its most recent SEC filing. 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.