Forward Industries (NASDAQ:FORD) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Forward Industries (NASDAQ:FORD) in a research report sent to investors on Friday. The firm issued a hold rating on the textile maker’s stock.

Forward Industries Stock Performance

FORD opened at $4.06 on Friday. Forward Industries has a 1-year low of $3.10 and a 1-year high of $8.29. The company’s fifty day moving average price is $3.77 and its two-hundred day moving average price is $4.06.

About Forward Industries

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.