Forward Industries (NASDAQ:FORD) Stock Price Crosses Below 200-Day Moving Average of $5.96

Forward Industries, Inc. (NASDAQ:FORD) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.96 and traded as low as $3.65. Forward Industries shares last traded at $3.65, with a volume of 46,985 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Forward Industries in a research report on Friday. They issued a “hold” rating for the company.

Forward Industries Stock Down 18.0 %

The firm has a 50 day moving average of $4.87 and a 200-day moving average of $5.96.

Forward Industries (NASDAQ:FORD) last posted its quarterly earnings results on Friday, May 10th. The textile maker reported ($0.50) earnings per share (EPS) for the quarter. The firm had revenue of $7.83 million during 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.