Formula Systems (1985) (NASDAQ:FORTY) Stock Price Down 4.4% – Should You Sell?

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s share price dropped 4.4% during mid-day trading on Friday . The stock traded as low as $87.78 and last traded at $84.30. Approximately 116 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 224 shares. The stock had previously closed at $88.20.

Formula Systems (1985) Stock Performance

The business has a 50 day moving average price of $88.19 and a 200 day moving average price of $81.58. 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 stock has a market capitalization of $1.36 billion, a PE ratio of 18.38 and a beta of 1.07.

Institutional Inflows and Outflows

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