Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $75.70, but opened at $78.30. Formula Systems (1985) shares last traded at $78.30, with a volume of 110 shares.
Formula Systems (1985) Stock Up 3.4 %
The company has a 50 day moving average price of $75.24 and a two-hundred day moving average price of $75.84. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.30. The stock has a market cap of $1.20 billion, a PE ratio of 17.94 and a beta of 1.09.
Formula Systems (1985) (NASDAQ:FORTY – Get Free Report) last posted its quarterly earnings results on Wednesday, May 22nd. The technology company reported $1.10 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 5.17% and a net margin of 2.47%. The firm had revenue of $698.40 million during the quarter.
Institutional Trading of Formula Systems (1985)
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.
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