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

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

Forward Industries Trading Up 4.6 %

Shares of NASDAQ:FORD opened at $3.61 on Thursday. The company’s fifty day moving average is $5.39 and its 200 day moving average is $4.47. Forward Industries has a 52 week low of $3.10 and a 52 week high of $8.29.

Forward Industries (NASDAQ:FORD) last issued its earnings results on Thursday, February 13th. The textile maker reported ($0.64) EPS 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 purchased a new position in Forward Industries, Inc. (NASDAQ:FORD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 SEC filing.

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.