Forward Industries (NASDAQ:FORD) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Forward Industries (NASDAQ:FORD) in a research report sent to investors on Friday morning. The firm issued a hold rating on the textile maker’s stock.

Forward Industries Price Performance

Shares of FORD opened at $3.79 on Friday. Forward Industries has a 52-week low of $3.10 and a 52-week high of $8.29. The stock’s 50-day simple moving average is $5.22 and its 200 day simple moving average is $4.47.

Forward Industries (NASDAQ:FORD) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported ($0.64) earnings per share (EPS) for the quarter. Forward Industries had a negative return on equity of 227.10% and a negative net margin of 7.77%. The firm had revenue of $6.62 million during the quarter.

Institutional Inflows and Outflows

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

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.