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

Research analysts at StockNews.com initiated coverage on shares of Forward Industries (NASDAQ:FORD) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the textile maker’s stock.

Forward Industries Stock Down 2.0 %

Shares of NASDAQ FORD opened at $4.95 on Tuesday. Forward Industries has a 1-year low of $3.10 and a 1-year high of $8.29. The business has a 50-day moving average of $4.16 and a 200-day moving average of $3.96.

Forward Industries Company Profile

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.