Forward Industries, Inc. (NASDAQ:FORD – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.08 and traded as high as $8.25. Forward Industries shares last traded at $7.02, with a volume of 32,954 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Forward Industries in a research note on Friday. They set a “hold” rating on the stock.
Get Our Latest Stock Analysis on FORD
Forward Industries Stock Performance
Forward Industries (NASDAQ:FORD – Get Free Report) last released its earnings results on Wednesday, May 14th. The textile maker reported ($1.65) EPS for the quarter. The business had revenue of $3.12 million for the quarter. Forward Industries had a negative net margin of 7.77% and a negative return on equity of 227.10%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC acquired a new position in Forward Industries, Inc. (NASDAQ:FORD – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned approximately 0.97% of Forward Industries as of its most recent SEC filing.
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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