Formula Systems (1985) (NASDAQ:FORTY) Sets New 12-Month High at $53.55

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares reached a new 52-week high on Thursday . The stock traded as high as $53.55 and last traded at $53.15, with a volume of 277 shares. The stock had previously closed at $53.50.

The stock has a 50-day moving average price of $48.95. The company has a current ratio of 1.47, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $729.53 million, a price-to-earnings ratio of 23.91 and a beta of 0.87.

Formula Systems (1985) (NASDAQ:FORTY) last posted its quarterly earnings data on Thursday, May 23rd. The technology company reported $0.58 earnings per share for the quarter. Formula Systems (1985) had a net margin of 2.32% and a return on equity of 4.00%. The business had revenue of $391.35 million during the quarter.

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC bought a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,805 shares of the technology company’s stock, valued at approximately $207,000. Institutional investors own 0.07% of the company’s stock.

Formula Systems (1985) Company Profile (NASDAQ:FORTY)

Formula Systems (1985) Ltd., through its subsidiaries, provides software, proprietary and non-proprietary software, and software product marketing and support services. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; database and big data services; customer relations management, computer systems management infrastructures, Web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and professional training courses and advanced professional studies.

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