Forward Industries, Inc. (NASDAQ:FORD) COO Paul Jean Severino Sells 10,000 Shares

Forward Industries, Inc. (NASDAQ:FORD) COO Paul Jean Severino sold 10,000 shares of the firm’s stock in a transaction on Friday, April 9th. The shares were sold at an average price of $2.98, for a total value of $29,800.00. Following the completion of the transaction, the chief operating officer now owns 106,502 shares in the company, valued at approximately $317,375.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NASDAQ FORD opened at $2.78 on Wednesday. The stock’s 50-day moving average is $3.20 and its two-hundred day moving average is $2.43. The company has a market cap of $27.48 million, a price-to-earnings ratio of -15.44 and a beta of 1.21. Forward Industries, Inc. has a 1-year low of $1.00 and a 1-year high of $5.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.38 and a quick ratio of 1.24.

Forward Industries (NASDAQ:FORD) last issued its earnings results on Friday, February 12th. The textile maker reported ($0.02) earnings per share for the quarter. The business had revenue of $9.72 million for the quarter. Forward Industries had a negative return on equity of 16.48% and a negative net margin of 5.15%. Equities research analysts anticipate that Forward Industries, Inc. will post 0.07 earnings per share for the current fiscal year.

Separately, TheStreet upgraded Forward Industries from a “d+” rating to a “c” rating in a report on Friday, February 12th.

An institutional investor recently raised its position in Forward Industries stock. Virtu Financial LLC increased its stake in shares of Forward Industries, Inc. (NASDAQ:FORD) by 45.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,445 shares of the textile maker’s stock after buying an additional 7,276 shares during the period. Virtu Financial LLC owned about 0.24% of Forward Industries worth $43,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 15.09% of the company’s stock.

Forward Industries Company Profile

Forward Industries, Inc, together with its subsidiaries, designs, markets, and distributes carry and protective solutions primarily for hand held electronic devices. It provides carrying cases and other accessories for medical monitoring and diagnostic kits; and other portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, smartphones, GPS location devices, tablets, firearms, and other products.

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