Forward Industries (NASDAQ:FORD) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Forward Industries, Inc. (NASDAQ:FORD) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.19 and traded as low as $4.09. Forward Industries shares last traded at $4.31, with a volume of 83,052 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Forward Industries in a research report on Wednesday, October 9th. They set a “hold” rating on the stock.

Forward Industries Trading Up 6.9 %

The company’s fifty day moving average is $3.69 and its two-hundred day moving average is $4.19.

Forward Industries (NASDAQ:FORD) last released its quarterly earnings data on Wednesday, August 14th. The textile maker reported ($0.34) earnings per share for the quarter. Forward Industries had a negative return on equity of 52.85% and a negative net margin of 10.22%. The business had revenue of $7.89 million for the quarter.

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.