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

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

Forward Industries Trading Down 1.4 %

Shares of FORD stock opened at $4.84 on Monday. Forward Industries has a one year low of $3.10 and a one year high of $8.29. The firm has a 50-day moving average of $4.81 and a 200-day moving average of $4.60.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Forward Industries stock. Citadel Advisors LLC acquired a new stake in shares of Forward Industries, Inc. (NASDAQ:FORD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned 0.97% of Forward Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

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.