Forward Industries Stock Set to Reverse Split on Tuesday, June 18th (NASDAQ:FORD)

Shares of Forward Industries, Inc. (NASDAQ:FORD) are scheduled to reverse split on Tuesday, June 18th. The 1-10 reverse split was announced on Friday, June 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 17th.

Forward Industries Trading Up 1.5 %

NASDAQ FORD opened at $0.50 on Friday. Forward Industries has a one year low of $0.37 and a one year high of $1.01. The business’s fifty day moving average is $0.53 and its 200-day moving average is $0.63.

Forward Industries (NASDAQ:FORD) last released its earnings results on Friday, May 10th. The textile maker reported ($0.05) EPS for the quarter. The firm had revenue of $7.83 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Forward Industries in a research note on Tuesday, June 11th. They set a “hold” rating on the stock.

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.