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

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

Forward Industries Trading Down 1.0 %

Forward Industries stock opened at $7.86 on Thursday. The firm has a 50 day simple moving average of $5.21 and a 200 day simple moving average of $4.97. Forward Industries has a 1-year low of $3.10 and a 1-year high of $8.97.

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

Institutional Trading of Forward Industries

A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC purchased a new stake in shares of Forward Industries, Inc. (NASDAQ:FORD) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned approximately 0.97% of Forward Industries at the end of the most recent reporting period.

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.