Forward Industries (NASDAQ:FORD) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Forward Industries (NASDAQ:FORD) in a research report released on Tuesday morning. The brokerage issued a hold rating on the textile maker’s stock.

Forward Industries Stock Down 2.1 %

Shares of NASDAQ FORD opened at $4.90 on Tuesday. Forward Industries has a 12 month low of $3.10 and a 12 month high of $8.29. The business has a fifty day simple moving average of $5.52 and a 200-day simple moving average of $4.42.

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

Institutional Trading of Forward Industries

A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC bought a new stake in shares of Forward Industries, Inc. (NASDAQ:FORD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned 0.97% of Forward Industries as of its most recent SEC filing.

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.