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

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

Forward Industries Stock Performance

FORD stock opened at $0.46 on Friday. Forward Industries has a 52-week low of $0.46 and a 52-week high of $1.21. The company has a 50-day moving average of $0.69 and a two-hundred day moving average of $0.73.

Forward Industries (NASDAQ:FORDGet Free Report) last released its earnings results on Wednesday, February 14th. The textile maker reported ($0.04) earnings per share for the quarter. Forward Industries had a negative net margin of 6.33% and a negative return on equity of 45.90%. The company had revenue of $7.15 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Forward Industries stock. Renaissance Technologies LLC boosted its holdings in shares of Forward Industries, Inc. (NASDAQ:FORDFree Report) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 602,440 shares of the textile maker’s stock after purchasing an additional 8,800 shares during the period. Renaissance Technologies LLC owned about 5.99% of Forward Industries worth $886,000 as of its most recent SEC filing. 13.95% of the stock is owned by institutional investors.

About Forward Industries

(Get Free Report)

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.

Further Reading

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