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

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

Forward Industries Stock Performance

Forward Industries stock opened at $6.45 on Friday. Forward Industries has a 1-year low of $3.10 and a 1-year high of $8.29. The firm’s fifty day simple moving average is $4.77 and its 200-day simple moving average is $4.16.

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.