Forward Industries (NASDAQ:FORD) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Forward Industries (NASDAQ:FORD) in a report issued on Wednesday. The firm set a “hold” rating on the textile maker’s stock.

Forward Industries Trading Down 1.4 %

NASDAQ FORD opened at $3.63 on Wednesday. The business’s fifty day simple moving average is $3.77 and its 200-day simple moving average is $4.50. Forward Industries has a 52 week low of $3.10 and a 52 week high of $8.29.

Forward Industries (NASDAQ:FORD) last released its quarterly earnings data on Wednesday, August 14th. The textile maker reported ($0.34) earnings per share (EPS) for the quarter. The firm had revenue of $7.89 million for the quarter. Forward Industries had a negative return on equity of 52.85% and a negative net margin of 10.22%.

Forward Industries Company Profile

Forward Industries, Inc, together with its subsidiaries, designs, manufactures, sources, markets, and distributes carry and protective solutions. The company operates in two segments: OEM Distribution and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various other portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS location devices, tablets, and firearms.