Initiates Coverage on Forward Industries (NASDAQ:FORD)

Equities research analysts at began coverage on shares of Forward Industries (NASDAQ:FORDGet Free Report) in a note issued to investors on Tuesday. The firm set a “hold” rating on the textile maker’s stock.

Forward Industries Price Performance

Shares of NASDAQ FORD opened at $0.52 on Tuesday. Forward Industries has a 1 year low of $0.46 and a 1 year high of $1.02. The firm has a fifty day moving average price of $0.53 and a 200-day moving average price of $0.64.

Forward Industries (NASDAQ:FORDGet Free Report) last issued its quarterly earnings results on Friday, May 10th. The textile maker reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $7.83 million during the quarter.

About Forward Industries

(Get Free Report)

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.

Further Reading

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