Formula Systems (1985) (NASDAQ:FORTY) Sets New 1-Year Low at $65.46

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY – Get Rating) hit a new 52-week low on Monday . The company traded as low as $65.46 and last traded at $65.46, with a volume of 454 shares. The stock had previously closed at $68.49.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered Formula Systems (1985) from a “b-” rating to a “c+” rating in a report on Thursday, December 29th.

Formula Systems (1985) Price Performance

The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 0.37. The company has a market cap of $985.29 million, a price-to-earnings ratio of 12.27 and a beta of 1.07. The company has a fifty day simple moving average of $74.92 and a two-hundred day simple moving average of $79.55.

Institutional Trading of Formula Systems (1985)

Several large investors have recently bought and sold shares of FORTY. Altshuler Shaham Ltd acquired a new stake in Formula Systems (1985) in the fourth quarter valued at $952,000. Jane Street Group LLC boosted its stake in shares of Formula Systems (1985) by 274.2% during the fourth quarter. Jane Street Group LLC now owns 13,351 shares of the technology company’s stock valued at $946,000 after acquiring an additional 9,783 shares during the last quarter. FMR LLC boosted its stake in shares of Formula Systems (1985) by 78.8% during the second quarter. FMR LLC now owns 18,409 shares of the technology company’s stock valued at $1,708,000 after acquiring an additional 8,116 shares during the last quarter. UBS Group AG acquired a new stake in shares of Formula Systems (1985) during the third quarter valued at $119,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Formula Systems (1985) by 43.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,998 shares of the technology company’s stock valued at $392,000 after acquiring an additional 1,219 shares during the last quarter. Institutional investors and hedge funds own 0.29% of the company’s stock.

About Formula Systems (1985)

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Formula Systems (1985) Ltd. engages in the provision of software solutions and IT professional services. It operates through the following segments: Matrix, Sapiens, Magic Software, and Other. The company was founded on April 2, 1985 and is headquartered in Or Yehuda, Israel.