StockNews.com Begins Coverage on Forward Industries (NASDAQ:FORD)

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

Forward Industries Trading Up 1.9 %

Shares of NASDAQ:FORD opened at $3.79 on Friday. Forward Industries has a 52-week low of $3.10 and a 52-week high of $8.29. The firm has a fifty day moving average of $5.22 and a 200 day moving average of $4.47.

Forward Industries (NASDAQ:FORD) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported ($0.64) earnings per share (EPS) for the quarter. The firm had revenue of $6.62 million during the quarter. Forward Industries had a negative return on equity of 227.10% and a negative net margin of 7.77%.

Institutional Investors Weigh In On Forward Industries

An institutional investor recently bought a new position in Forward Industries stock. Citadel Advisors LLC bought a new position in Forward Industries, Inc. (NASDAQ:FORD) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned 0.97% of Forward Industries as of its most recent SEC filing.

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.