StockNews.com Begins Coverage on Forward Industries (NASDAQ:FORD)

Equities research analysts at StockNews.com started coverage on shares of Forward Industries (NASDAQ:FORD) in a report released on Thursday. The brokerage set a “hold” rating on the textile maker’s stock.

Forward Industries Stock Up 1.3 %

Shares of Forward Industries stock opened at $5.39 on Thursday. The firm’s 50 day moving average price is $4.49 and its 200-day moving average price is $4.06. Forward Industries has a 52-week low of $3.10 and a 52-week high of $8.29.

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.