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

StockNews.com started coverage on shares of Forward Industries (NASDAQ:FORD) in a research note released on Friday morning. The brokerage issued a hold rating on the textile maker’s stock.

Forward Industries Trading Down 7.1 %

NASDAQ FORD opened at $6.45 on Friday. Forward Industries has a twelve month low of $3.10 and a twelve month high of $8.29. The stock has a fifty day simple moving average of $4.77 and a 200-day simple moving average of $4.16.

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.