Forward Industries, Inc. (NASDAQ:FORD – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.66 and traded as high as $6.35. Forward Industries shares last traded at $6.06, with a volume of 11,522 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen initiated coverage on shares of Forward Industries in a research report on Friday, May 16th. They set a “hold” rating on the stock.
View Our Latest Report on FORD
Forward Industries Stock Up 0.2%
Forward Industries (NASDAQ:FORD – Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The textile maker reported ($1.65) earnings per share (EPS) for the quarter. Forward Industries had a negative net margin of 11.56% and a negative return on equity of 1,557.80%. The business had revenue of $3.12 million during the quarter.
Institutional Investors Weigh In On Forward Industries
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) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned about 0.97% of Forward Industries as of its most recent filing with the Securities and Exchange Commission.
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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