Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Down – Should You Sell?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares gapped down prior to trading on Thursday . The stock had previously closed at $89.00, but opened at $83.70. Formula Systems (1985) shares last traded at $83.00, with a volume of 1,107 shares changing hands.

Formula Systems (1985) Stock Performance

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 firm has a market cap of $1.27 billion, a price-to-earnings ratio of 17.22 and a beta of 1.08. The company has a 50-day moving average price of $88.04 and a 200 day moving average price of $80.66.

Institutional Trading of Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC bought a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,772 shares of the technology company’s stock, valued at approximately $222,000. Institutional investors and hedge funds 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.