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

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

Forward Industries Stock Down 7.1 %

NASDAQ:FORD opened at $6.45 on Friday. Forward Industries has a 12 month low of $3.10 and a 12 month high of $8.29. The firm’s 50 day moving average is $4.77 and its 200 day moving average is $4.16.

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.