Formula Systems (1985) (NASDAQ:FORTY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s stock price crossed 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 trading hands.

Formula Systems (1985) Trading Up 0.5 %

The company’s 50 day simple moving average is $85.04 and its two-hundred day simple moving average is $79.10. 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 company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 19.76 and a beta of 1.08.

Institutional Investors Weigh In On Formula Systems (1985)

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 third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is currently owned by 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.