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

StockNews.com initiated coverage on shares of Forward Industries (NASDAQ:FORDFree Report) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the textile maker’s stock.

Forward Industries Stock Up 1.5 %

Shares of Forward Industries stock opened at $0.49 on Tuesday. Forward Industries has a twelve month low of $0.46 and a twelve month high of $1.02. The firm’s 50-day moving average price is $0.53 and its 200 day moving average price is $0.63.

Forward Industries (NASDAQ:FORDGet Free Report) last released its earnings results on Friday, May 10th. The textile maker reported ($0.05) earnings per share for the quarter. The firm had revenue of $7.83 million during the quarter.

Forward Industries Company Profile

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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.

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