Shares of Forward Industries, Inc. (NASDAQ:FORD – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.47 and traded as high as $4.59. Forward Industries shares last traded at $4.03, with a volume of 42,824 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on Forward Industries in a research report on Saturday. They set a “hold” rating for the company.
Check Out Our Latest Stock Report on Forward Industries
Forward Industries Stock Down 7.1 %
Forward Industries (NASDAQ:FORD – Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported ($0.64) EPS for the quarter. The business had revenue of $6.62 million for the quarter. Forward Industries had a negative net margin of 7.77% and a negative return on equity of 227.10%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC bought a new position in shares of Forward Industries, Inc. (NASDAQ:FORD – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.
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.
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