Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Forward Industries (FORD) Stock Price

Media coverage about Forward Industries (NASDAQ:FORD) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Forward Industries earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the textile maker an impact score of 46.2827143513755 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Forward Industries (FORD) traded up 0.2705% during midday trading on Tuesday, hitting $1.2234. The stock had a trading volume of 2,975 shares. Forward Industries has a 12-month low of $1.02 and a 12-month high of $1.65. The stock has a market cap of $10.72 million, a P/E ratio of 17.4771 and a beta of -1.52. The company’s 50-day moving average price is $1.19 and its 200 day moving average price is $1.12.

Forward Industries (NASDAQ:FORD) last posted its quarterly earnings results on Monday, August 14th. The textile maker reported $0.06 earnings per share for the quarter. Forward Industries had a return on equity of 7.24% and a net margin of 2.41%. The company had revenue of $7.33 million for the quarter.

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About Forward Industries

Forward Industries, Inc designs and distributes carry and protective solutions, primarily for hand held electronic devices, including soft-sided carrying cases, bags, clips, hand straps, protective plates and other accessories. The Company operates in the design and distribution of carry and protective solutions, primarily for hand held electronic devices segment.

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