StockNews.com assumed coverage on shares of Forward Industries (NASDAQ:FORD – Free Report) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the textile maker’s stock.
Forward Industries Stock Down 2.0 %
FORD opened at $4.00 on Wednesday. Forward Industries has a 1 year low of $3.10 and a 1 year high of $8.29. The stock has a 50-day moving average price of $3.72 and a 200-day moving average price of $4.17.
Forward Industries (NASDAQ:FORD – Get Free Report) last issued its earnings results on Wednesday, August 14th. The textile maker reported ($0.34) earnings per share (EPS) for the quarter. Forward Industries had a negative return on equity of 52.85% and a negative net margin of 10.22%. The firm had revenue of $7.89 million during the quarter.
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.
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