Investment analysts at StockNews.com initiated coverage on shares of Forward Industries (NASDAQ:FORD – Get Free Report) in a report issued on Wednesday. The firm set a “hold” rating on the textile maker’s stock.
Forward Industries Trading Up 9.3 %
NASDAQ FORD opened at $0.56 on Wednesday. The stock has a 50-day simple moving average of $0.60 and a two-hundred day simple moving average of $0.68. Forward Industries has a fifty-two week low of $0.46 and a fifty-two week high of $1.10.
Forward Industries (NASDAQ:FORD – Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The textile maker reported ($0.04) earnings per share for the quarter. The business had revenue of $7.15 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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