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

Research analysts at StockNews.com began coverage on shares of Forward Industries (NASDAQ:FORD) in a research report issued on Friday. The firm set a “hold” rating on the textile maker’s stock.

Forward Industries Trading Up 3.3 %

Shares of NASDAQ:FORD opened at $4.06 on Friday. Forward Industries has a 12 month low of $3.10 and a 12 month high of $8.29. The company’s fifty day moving average price is $3.77 and its 200 day moving average price is $4.07.

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.