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

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

Forward Industries Stock Performance

Forward Industries stock opened at $4.95 on Tuesday. Forward Industries has a 12-month low of $3.10 and a 12-month high of $8.29. The firm has a 50-day moving average price of $5.51 and a 200-day moving average price of $4.42.

Forward Industries (NASDAQ:FORD) last posted 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 for the quarter. Forward Industries had a negative net margin of 7.77% and a negative return on equity of 227.10%.

Institutional Trading of Forward Industries

An institutional investor recently bought a new position in Forward Industries stock. Citadel Advisors LLC purchased a new position in shares of Forward Industries, Inc. (NASDAQ:FORD) during the 4th quarter, according to its most recent disclosure 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 0.97% of Forward Industries as of its most recent filing with the Securities and Exchange Commission.

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.