Investment analysts at StockNews.com assumed coverage on shares of Forward Industries (NASDAQ:FORD – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the textile maker’s stock.
Forward Industries Trading Down 8.1 %
NASDAQ FORD opened at $3.84 on Tuesday. The stock has a 50-day simple moving average of $4.33 and a 200 day simple moving average of $5.45. Forward Industries has a 12 month low of $3.55 and a 12 month high of $9.40.
Forward Industries (NASDAQ:FORD – Get Free Report) last released its quarterly earnings data on Friday, May 10th. The textile maker reported ($0.50) EPS for the quarter. The company had revenue of $7.83 million during the quarter.
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.
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