Forward Industries (NASDAQ:FORD) Posts Quarterly Earnings Results

Forward Industries (NASDAQ:FORD) announced its earnings results on Thursday. The textile maker reported ($0.64) EPS for the quarter, Zacks reports. Forward Industries had a negative net margin of 6.46% and a negative return on equity of 124.85%.

Forward Industries Stock Up 2.3 %

FORD stock traded up $0.13 during midday trading on Thursday, hitting $5.87. The company’s stock had a trading volume of 14,764 shares, compared to its average volume of 18,023. The stock’s 50-day moving average price is $5.34 and its 200 day moving average price is $4.34. Forward Industries has a 1 year low of $3.10 and a 1 year high of $8.29.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Forward Industries in a research report on Sunday. They set a “hold” rating on the stock.

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.