Forward Industries (NASDAQ:FORD) Announces Earnings Results

Forward Industries (NASDAQ:FORD) issued its earnings results on Thursday. The textile maker reported ($0.64) earnings per share (EPS) for the quarter, Zacks reports. Forward Industries had a negative return on equity of 124.85% and a negative net margin of 6.46%.

Forward Industries Price Performance

Shares of NASDAQ:FORD traded up $0.13 during mid-day trading on Thursday, reaching $5.87. 14,764 shares of the company’s stock were exchanged, compared to its average volume of 18,023. Forward Industries has a twelve month low of $3.10 and a twelve month high of $8.29. The business’s fifty day moving average price is $5.34 and its 200-day moving average price is $4.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Forward Industries in a report on Sunday. They set a “hold” rating on the stock.

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.