StockNews.com assumed coverage on shares of Forward Industries (NASDAQ:FORD – Free Report) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the textile maker’s stock.
Forward Industries Stock Down 6.3 %
NASDAQ:FORD opened at $4.00 on Wednesday. Forward Industries has a 52-week low of $3.10 and a 52-week high of $8.29. The stock has a fifty day simple moving average of $3.71 and a 200-day simple moving average of $4.19.
Forward Industries (NASDAQ:FORD – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.34) EPS for the quarter. Forward Industries had a negative net margin of 10.22% and a negative return on equity of 52.85%. The business had revenue of $7.89 million during the quarter.
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.
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