Forward Industries (NASDAQ:FORD) Stock Price Crosses Below 200-Day Moving Average of $5.96

Forward Industries, Inc. (NASDAQ:FORD)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.96 and traded as low as $3.65. Forward Industries shares last traded at $3.65, with a volume of 46,985 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Forward Industries in a research note on Friday. They set a “hold” rating on the stock.

Forward Industries Price Performance

The company’s fifty day moving average is $4.87 and its 200-day moving average is $5.96.

Forward Industries (NASDAQ:FORD) last released its quarterly earnings results on Friday, May 10th. The textile maker reported ($0.50) earnings per share (EPS) for the quarter. The firm had revenue of $7.83 million during the quarter.

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.