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

StockNews.com started coverage on shares of Forward Industries (NASDAQ:FORD) in a report released on Wednesday morning. The firm issued a hold rating on the textile maker’s stock.

Forward Industries Stock Performance

Shares of FORD stock opened at $4.28 on Wednesday. Forward Industries has a one year low of $3.10 and a one year high of $8.29. The company’s fifty day moving average price is $5.54 and its 200-day moving average price is $4.46.

Forward Industries (NASDAQ:FORD) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported ($0.64) EPS for the quarter. The firm had revenue of $6.62 million for the quarter. Forward Industries had a negative net margin of 7.77% and a negative return on equity of 227.10%.

Institutional Trading of Forward Industries

An institutional investor recently bought a new position in Forward Industries stock. Citadel Advisors LLC purchased a new stake in Forward Industries, Inc. (NASDAQ:FORD) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned about 0.97% of Forward Industries as of its most recent filing with the SEC.

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.