Forward Industries (NASDAQ:FORD) Posts Quarterly Earnings Results

Forward Industries (NASDAQ:FORD) released its earnings results on Thursday. The textile maker reported ($0.64) earnings per share for the quarter, Zacks reports. Forward Industries had a negative net margin of 6.46% and a negative return on equity of 124.85%. The company had revenue of $6,620 billion during the quarter.

Forward Industries Price Performance

FORD traded down $0.21 during trading on Friday, reaching $5.66. 17,818 shares of the company’s stock were exchanged, compared to its average volume of 20,708. The company’s fifty day moving average price is $5.41 and its 200-day moving average price is $4.36. Forward Industries has a fifty-two week low of $3.10 and a fifty-two week high of $8.29.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Forward Industries in a research note on Sunday, February 9th. They issued a “hold” rating for the company.

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.