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

Analysts at StockNews.com assumed coverage on shares of Forward Industries (NASDAQ:FORD) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the textile maker’s stock.

Forward Industries Price Performance

Shares of NASDAQ:FORD opened at $5.37 on Wednesday. The business’s 50 day moving average is $4.32 and its 200 day moving average is $4.03. Forward Industries has a 52-week low of $3.10 and a 52-week high of $8.29.

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.