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

StockNews.com began coverage on shares of Forward Industries (NASDAQ:FORD) in a note issued to investors on Saturday. The firm set a “hold” rating on the textile maker’s stock.

Forward Industries Stock Down 7.1 %

NASDAQ FORD opened at $4.03 on Friday. Forward Industries has a twelve month low of $3.10 and a twelve month high of $8.29. The business has a 50-day moving average price of $5.08 and a 200-day moving average price of $4.47.

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

Institutional Trading of Forward Industries

A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC purchased a new position in Forward Industries, Inc. (NASDAQ:FORD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned about 0.97% of Forward Industries as of its most recent SEC filing.

About Forward Industries

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.