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

StockNews.com initiated coverage on shares of Forward Industries (NASDAQ:FORD) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the textile maker’s stock.

Forward Industries Price Performance

NASDAQ:FORD opened at $5.01 on Tuesday. Forward Industries has a one year low of $3.10 and a one year high of $8.29. The company’s 50-day simple moving average is $4.19 and its 200 day simple moving average is $3.97.

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.