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

Stock analysts at StockNews.com initiated coverage on shares of Forward Industries (NASDAQ:FORD) in a research note issued to investors on Friday. The firm set a “hold” rating on the textile maker’s stock.

Forward Industries Stock Performance

Shares of NASDAQ:FORD opened at $6.45 on Friday. The business has a 50 day moving average price of $4.77 and a 200 day moving average price of $4.16. Forward Industries has a twelve month low of $3.10 and a twelve month 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.