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

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

Forward Industries Stock Down 4.6 %

NASDAQ FORD opened at $5.40 on Monday. Forward Industries has a 1-year low of $3.10 and a 1-year high of $8.29. The firm’s fifty day simple moving average is $5.43 and its 200-day simple moving average is $4.38.

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. The firm had revenue of $6.62 million for the quarter. Forward Industries had a negative net margin of 6.46% and a negative return on equity of 124.85%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC acquired a new stake in Forward Industries, Inc. (NASDAQ:FORD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 quarter.

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.