StockNews.com Initiates Coverage on Forward Industries (NASDAQ:FORD)

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

Forward Industries Stock Down 4.2 %

Forward Industries stock opened at $5.29 on Wednesday. Forward Industries has a 12 month low of $3.10 and a 12 month high of $8.29. The company has a fifty day moving average price of $4.29 and a two-hundred day moving average price of $4.02.

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.