Forward Industries (NASDAQ:FORD) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Forward Industries (NASDAQ:FORD) in a research report sent to investors on Sunday. The firm issued a hold rating on the textile maker’s stock.

Forward Industries Stock Performance

FORD opened at $6.80 on Friday. Forward Industries has a 1-year low of $3.10 and a 1-year high of $8.29. The company’s fifty day moving average price is $4.95 and its two-hundred day moving average price is $4.52.

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

Institutional Investors Weigh In On Forward Industries

A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC bought a new position in Forward Industries, Inc. (NASDAQ:FORD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned approximately 0.97% of Forward Industries at the end of the most recent reporting period.

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.