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

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares gapped down prior to trading 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 traded.

Formula Systems (1985) Trading Down 3.6 %

The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $93.41 and its 200-day moving average is $87.21. The company has a market cap of $1.34 billion, a PE ratio of 18.14 and a beta of 1.10.

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

Institutional Trading of Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC acquired a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is owned by hedge funds and other 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.