Forward Industries (NASDAQ:FORD) Coverage Initiated at StockNews.com

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

Forward Industries Trading Down 2.4 %

NASDAQ FORD opened at $6.59 on Wednesday. The company has a 50 day moving average price of $4.83 and a two-hundred day moving average price of $4.78. Forward Industries has a 12-month low of $3.10 and a 12-month high of $8.29.

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

Institutional Trading of Forward Industries

A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC bought a new stake in shares of Forward Industries, Inc. (NASDAQ:FORD) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned about 0.97% of Forward Industries at the end of the most recent reporting period.

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.