Forward Industries (NASDAQ:FORD) Shares Pass Below 200-Day Moving Average – Here’s Why

Posted by Defense World Staff on Mar 13th, 2025

Forward Industries, Inc. (NASDAQ:FORD – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.48 and traded as low as $3.73. Forward Industries shares last traded at $3.74, with a volume of 27,551 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Forward Industries in a report on Thursday. They issued a “hold” rating on the stock.

Read Our Latest Report on Forward Industries

Forward Industries Trading Down 4.6 %

The stock’s 50-day moving average is $5.48 and its 200-day moving average is $4.48.

Forward Industries (NASDAQ:FORD – Get Free Report) last released its earnings results on Thursday, February 13th. The textile maker reported ($0.64) EPS for the quarter. The business had revenue of $6.62 million for the quarter. Forward Industries had a negative net margin of 7.77% and a negative return on equity of 227.10%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC acquired a new position in shares of Forward Industries, Inc. (NASDAQ:FORD – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned 0.97% of Forward Industries at the end of the most recent quarter.

About Forward Industries

(Get Free Report)

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.