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

Research analysts at StockNews.com began coverage on shares of Forward Industries (NASDAQ:FORD) in a report issued on Monday. The firm set a “hold” rating on the textile maker’s stock.

Forward Industries Stock Performance

FORD stock opened at $4.49 on Monday. Forward Industries has a 1-year low of $3.10 and a 1-year high of $8.29. The business has a 50-day moving average price of $3.98 and a 200 day moving average price of $3.96.

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.