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

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

Forward Industries Price Performance

NASDAQ FORD opened at $6.83 on Friday. Forward Industries has a 1 year low of $3.10 and a 1 year high of $8.29. The business’s 50-day moving average is $4.66 and its 200 day moving average is $4.12.

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.