Forward Industries (NASDAQ:FORD) Now Covered by StockNews.com

StockNews.com started coverage on shares of Forward Industries (NASDAQ:FORD) in a research report report published on Monday morning. The firm issued a hold rating on the textile maker’s stock.

Forward Industries Trading Up 17.6 %

FORD opened at $5.69 on Monday. Forward Industries has a 12 month low of $3.10 and a 12 month high of $8.29. The stock has a 50-day moving average of $4.79 and a 200 day moving average of $4.61.

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 company had revenue of $6.62 million during the quarter.

Institutional Investors Weigh In On Forward Industries

An institutional investor recently bought a new position in Forward Industries stock. Citadel Advisors LLC acquired a new position in Forward Industries, Inc. (NASDAQ:FORD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned about 0.97% of Forward Industries at the end of the most recent reporting period.

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.