Formula Systems (1985) (NASDAQ:FORTY) Stock Crosses Above 200-Day Moving Average – What’s Next?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $79.10 and traded as high as $96.47. Formula Systems (1985) shares last traded at $95.25, with a volume of 541 shares.

Formula Systems (1985) Price Performance

The company has a market capitalization of $1.43 billion, a P/E ratio of 19.37 and a beta of 1.08. 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’s 50-day moving average is $86.05 and its 200-day moving average is $79.41.

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 position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,772 shares of the technology company’s stock, valued at approximately $222,000. Hedge funds and other institutional investors own 34.76% of the company’s stock.

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.