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

Equities researchers at StockNews.com started coverage on shares of Forward Industries (NASDAQ:FORD) in a report issued on Tuesday. The brokerage set a “hold” rating on the textile maker’s stock.

Forward Industries Stock Down 2.1 %

FORD stock opened at $5.05 on Tuesday. The business has a 50 day moving average of $4.10 and a 200-day moving average of $3.95. 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.