Research analysts at StockNews.com began coverage on shares of Forward Industries (NASDAQ:FORD – Get Free Report) in a research note issued on Monday. The firm set a “hold” rating on the textile maker’s stock.
Forward Industries Stock Down 6.2 %
Shares of Forward Industries stock opened at $3.92 on Monday. Forward Industries has a 52 week low of $3.55 and a 52 week high of $9.40. The business’s fifty day simple moving average is $4.49 and its 200-day simple moving average is $5.59.
Forward Industries (NASDAQ:FORD – Get Free Report) last issued its quarterly earnings data on Friday, May 10th. The textile maker reported ($0.50) earnings per share (EPS) for the quarter. The company had revenue of $7.83 million for 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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