Forward Industries (NASDAQ:FORD) Earns Hold Rating from Analysts at StockNews.com

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

Forward Industries Price Performance

Forward Industries stock opened at $3.79 on Wednesday. Forward Industries has a fifty-two week low of $3.65 and a fifty-two week high of $9.80. The stock has a fifty day moving average of $5.02 and a two-hundred day moving average of $6.15.

Forward Industries (NASDAQ:FORDGet Free Report) last posted its quarterly earnings data on Friday, May 10th. The textile maker reported ($0.50) earnings per share (EPS) for the quarter. The firm had revenue of $7.83 million during the quarter.

About Forward Industries

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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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