Forward Industries (NASDAQ:FORD) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Posted by Editorial Team on Mar 21st, 2025

Forward Industries, Inc. (NASDAQ:FORD – Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.46 and traded as low as $3.51. Forward Industries shares last traded at $3.72, with a volume of 6,739 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Forward Industries in a report on Friday. They issued a “hold” rating on the stock.

View Our Latest Report on FORD

Forward Industries Stock Performance

The company has a 50 day moving average of $5.26 and a 200-day moving average of $4.46.

Forward Industries (NASDAQ:FORD – Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported ($0.64) earnings per share for the quarter. The business had revenue of $6.62 million for the quarter. Forward Industries had a negative return on equity of 227.10% and a negative net margin of 7.77%.

Hedge Funds Weigh In On Forward Industries

An institutional investor recently bought a new position in Forward Industries stock. Citadel Advisors LLC acquired a new position in shares of Forward Industries, Inc. (NASDAQ:FORD – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned 0.97% of Forward Industries at the end of the most recent quarter.

About Forward Industries

(Get Free Report)

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.