StockNews.com initiated coverage on shares of Forward Industries (NASDAQ:FORD – Get Free Report) in a note issued to investors on Friday. The brokerage set a “hold” rating on the textile maker’s stock.
Forward Industries Stock Down 27.0 %
NASDAQ:FORD opened at $0.46 on Friday. The stock’s 50-day simple moving average is $0.69 and its 200 day simple moving average is $0.73. Forward Industries has a 52-week low of $0.46 and a 52-week high of $1.21.
Forward Industries (NASDAQ:FORD – Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The textile maker reported ($0.04) earnings per share (EPS) for the quarter. Forward Industries had a negative net margin of 6.33% and a negative return on equity of 45.90%. The company had revenue of $7.15 million during the quarter.
Institutional Trading of Forward Industries
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.
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