Forward Industries (NASDAQ:FORD) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Forward Industries (NASDAQ:FORD) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the textile maker’s stock.

Forward Industries Price Performance

NASDAQ:FORD opened at $4.72 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 $5.54 and a two-hundred day moving average price of $4.46.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC acquired a new position in shares of Forward Industries, Inc. (NASDAQ:FORD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned 0.97% of Forward Industries at the end of the most recent reporting period.

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.