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

StockNews.com initiated coverage on shares of Forward Industries (NASDAQ:FORD) in a research note issued to investors on Tuesday. The firm issued a hold rating on the textile maker’s stock.

Forward Industries Price Performance

Forward Industries stock opened at $0.50 on Tuesday. The firm has a fifty day simple moving average of $0.61 and a two-hundred day simple moving average of $0.69. Forward Industries has a twelve month low of $0.46 and a twelve month high of $1.10.

Forward Industries (NASDAQ:FORD) last posted its quarterly earnings results on Wednesday, February 14th. The textile maker reported ($0.04) earnings per share for the quarter. The business had revenue of $7.15 million for the quarter.

Institutional Trading of Forward Industries

An institutional investor recently raised its position in Forward Industries stock. Renaissance Technologies LLC increased its stake in Forward Industries, Inc. (NASDAQ:FORD) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,340 shares of the textile maker’s stock after buying an additional 18,200 shares during the period. Renaissance Technologies LLC owned 5.56% of Forward Industries worth $624,000 at the end of the most recent reporting period.

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.