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

StockNews.com initiated coverage on shares of Forward Industries (NASDAQ:FORD) in a report released on Sunday. The firm set a “hold” rating on the textile maker’s stock.

Forward Industries Stock Performance

Shares of Forward Industries stock opened at $4.40 on Friday. The company has a fifty day simple moving average of $3.90 and a 200-day simple moving average of $3.99. Forward Industries has a 12-month low of $3.10 and a 12-month high of $8.29.

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.