StockNews.com Begins Coverage on Forward Industries (NASDAQ:FORD)

Investment analysts at StockNews.com began coverage on shares of Forward Industries (NASDAQ:FORD) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the textile maker’s stock.

Forward Industries Trading Up 2.3 %

FORD stock opened at $4.49 on Monday. Forward Industries has a twelve month low of $3.10 and a twelve month high of $8.29. The firm’s fifty day simple moving average is $3.98 and its two-hundred day simple moving average is $3.96.

About Forward Industries

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.