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

Research analysts at StockNews.com assumed coverage on shares of Forward Industries (NASDAQ:FORD) in a report issued on Friday. The brokerage set a “hold” rating on the textile maker’s stock.

Forward Industries Trading Up 1.9 %

NASDAQ FORD opened at $3.79 on Friday. Forward Industries has a 12 month low of $3.10 and a 12 month high of $8.29. The company’s fifty day moving average price is $5.22 and its two-hundred day moving average price is $4.46.

Forward Industries (NASDAQ:FORD) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported ($0.64) EPS for the quarter. Forward Industries had a negative net margin of 7.77% and a negative return on equity of 227.10%. The company had revenue of $6.62 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Forward Industries stock. Citadel Advisors LLC purchased a new stake in Forward Industries, Inc. (NASDAQ:FORD) in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 SEC.

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.