Formula Systems (1985) (NASDAQ:FORTY) Stock Price Down 7.4% – Should You Sell?

Posted by ABMN Staff on Mar 23rd, 2025

Formula Systems (1985) Ltd. (NASDAQ:FORTY – Get Free Report)’s stock price dropped 7.4% during mid-day trading on Friday . The stock traded as low as $92.89 and last traded at $88.88. Approximately 1,528 shares were traded during mid-day trading, an increase of 88% from the average daily volume of 813 shares. The stock had previously closed at $96.00.

Formula Systems (1985) Trading Down 3.6 %

The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 19.21 and a beta of 1.10. The company has a 50-day moving average price of $93.15 and a 200-day moving average price of $86.92. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22.

Formula Systems (1985) (NASDAQ:FORTY – Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) for the quarter. The company had revenue of $691.50 million for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.

Institutional Investors Weigh In On Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC bought a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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)

(Get Free Report)

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.