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

Equities researchers at StockNews.com started coverage on shares of Forward Industries (NASDAQ:FORD) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the textile maker’s stock.

Forward Industries Stock Up 6.2 %

FORD opened at $6.01 on Friday. The stock’s 50 day moving average price is $4.98 and its 200-day moving average price is $4.22. Forward Industries has a one year low of $3.10 and a one year high of $8.29.

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.