Forward Industries (NASDAQ:FORD) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Forward Industries, Inc. (NASDAQ:FORD)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.35 and traded as low as $3.47. Forward Industries shares last traded at $3.57, with a volume of 10,013 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Forward Industries in a research report on Wednesday, October 9th. They set a “hold” rating for the company.

Forward Industries Stock Performance

The company’s 50-day simple moving average is $3.69 and its 200 day simple moving average is $4.34.

Forward Industries (NASDAQ:FORD) last released its quarterly earnings data on Wednesday, August 14th. The textile maker reported ($0.34) EPS for the quarter. Forward Industries had a negative net margin of 10.22% and a negative return on equity of 52.85%. The business had revenue of $7.89 million for the quarter.

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.