Forward Industries (NASDAQ:FORD) Shares Pass Below Two Hundred Day Moving Average of $4.66

Forward Industries, Inc. (NASDAQ:FORD)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.66 and traded as low as $3.28. Forward Industries shares last traded at $3.30, with a volume of 11,420 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Forward Industries from a “buy” rating to a “hold” rating in a report on Friday, August 30th.

Forward Industries Stock Performance

The business’s 50 day moving average is $3.85 and its two-hundred day moving average is $4.66.

Forward Industries (NASDAQ:FORD) last announced its earnings results on Wednesday, August 14th. The textile maker reported ($0.34) earnings per share for the quarter. Forward Industries had a negative return on equity of 52.85% and a negative net margin of 10.22%. The firm had revenue of $7.89 million for the quarter.

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.