Forward Industries (NASDAQ:FORD) Receives New Coverage from Analysts at StockNews.com

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

Forward Industries Stock Performance

FORD opened at $0.54 on Tuesday. The business has a 50-day moving average of $0.63 and a two-hundred day moving average of $0.70. Forward Industries has a 12 month low of $0.46 and a 12 month high of $1.12.

Forward Industries (NASDAQ:FORD) last posted its quarterly earnings results on Wednesday, February 14th. The textile maker reported ($0.04) EPS for the quarter. The business had revenue of $7.15 million during the quarter.

Institutional Trading of Forward Industries

A hedge fund recently raised its stake in Forward Industries stock. Renaissance Technologies LLC grew its position in Forward Industries, Inc. (NASDAQ:FORD) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 602,440 shares of the textile maker’s stock after purchasing an additional 8,800 shares during the period. Renaissance Technologies LLC owned approximately 5.99% of Forward Industries worth $886,000 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.