Forward Industries (NASDAQ:FORD) Now Covered by StockNews.com

StockNews.com assumed 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

FORD stock opened at $4.72 on Wednesday. Forward Industries has a twelve month low of $3.10 and a twelve month high of $8.29. The business has a fifty day moving average of $5.54 and a 200-day moving average of $4.46.

Forward Industries (NASDAQ:FORD) last released its earnings results on Thursday, February 13th. The textile maker reported ($0.64) earnings per share for the quarter. The firm had revenue of $6.62 million for 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

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

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.