Forward Industries (NASDAQ:FORD) Stock Passes Below 200 Day Moving Average – Time to Sell?

Posted by Jeff Wilder on Mar 22nd, 2025

Forward Industries, Inc. (NASDAQ:FORD – Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.46 and traded as low as $3.51. Forward Industries shares last traded at $3.72, with a volume of 6,739 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Forward Industries in a research report on Friday. They set a “hold” rating for the company.

Get Our Latest Analysis on Forward Industries

Forward Industries Trading Up 1.9 %

The company has a 50-day moving average of $5.22 and a 200-day moving average of $4.46.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Forward Industries stock. Citadel Advisors LLC purchased a new stake in shares of Forward Industries, Inc. (NASDAQ:FORD – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned about 0.97% of Forward Industries as of its most recent filing with the SEC.

Forward Industries Company Profile

(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.