Shares of Forward Industries, Inc. (NASDAQ:FORD – Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.08 and traded as low as $4.40. Forward Industries shares last traded at $4.55, with a volume of 13,917 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Forward Industries in a research note on Thursday. They set a “hold” rating on the stock.
Get Our Latest Stock Analysis on FORD
Forward Industries Price Performance
Forward Industries (NASDAQ:FORD – Get Free Report) last issued its earnings results on Friday, May 10th. The textile maker reported ($0.50) EPS for the quarter. The company had revenue of $7.83 million during the quarter.
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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