Forward Industries' (FORD) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Forward Industries has been reiterated a "Sell (D-)" rating by Weiss Ratings, indicating ongoing concerns about its stock value.
• Recently, Wall Street Zen also downgraded Forward Industries to a "strong sell," contributing to an average rating of "Sell" among analysts.
• In its latest financial report, Forward Industries reported a loss of ($2.17) earnings per share and a negative return on equity of 1,522.78%.

Forward Industries (NASDAQ:FORD - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of Forward Industries to a "strong sell" rating in a report on Saturday, August 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".

Forward Industries Price Performance

NASDAQ:FORD opened at $24.60 on Wednesday. Forward Industries has a 12-month low of $3.30 and a 12-month high of $46.00. The firm has a 50-day moving average price of $20.52 and a 200 day moving average price of $11.58.

Forward Industries (NASDAQ:FORD - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The textile maker reported ($2.17) earnings per share (EPS) for the quarter. Forward Industries had a negative return on equity of 1,522.78% and a negative net margin of 14.52%.The business had revenue of $2.49 million during the quarter.

Institutional Trading of Forward Industries

A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC acquired a new position in shares of Forward Industries, Inc. (NASDAQ:FORD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,705 shares of the textile maker's stock, valued at approximately $53,000. Citadel Advisors LLC owned approximately 0.97% of Forward Industries at the end of the most recent quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.