Forward Industries (NASDAQ:FORD) Sees Large Volume Increase - What's Next?

Key Points

• Forward Industries shares experienced a trading volume increase on Wednesday, with 80,325 shares traded, marking an 18% decrease from the prior session's 97,405 shares.
• Analysts from Wall Street Zen have downgraded Forward Industries to a "strong sell" rating, reflecting concerns over the company's financial performance.
• The company reported a net loss of ($2.17) earnings per share for the last quarter, with revenue at $2.49 million and a troubling return on equity of -1,522.78%.

Forward Industries, Inc. (NASDAQ:FORD - Get Free Report) shares saw an uptick in trading volume on Wednesday . 80,325 shares traded hands during mid-day trading, a decline of 18% from the previous session's volume of 97,405 shares.The stock last traded at $26.16 and had previously closed at $25.57.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Forward Industries to a "strong sell" rating in a research report on Saturday, August 23rd.

Forward Industries Trading Up 3.3%

The company has a fifty day moving average price of $18.83 and a two-hundred day moving average price of $10.76.

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

Hedge Funds Weigh In On Forward Industries

An institutional investor recently bought a new position in Forward Industries stock. Citadel Advisors LLC purchased a new stake in Forward Industries, Inc. (NASDAQ:FORD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,705 shares of the textile maker's stock, valued at approximately $53,000. Citadel Advisors LLC owned 0.97% of Forward Industries at the end of the most recent reporting period.

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.

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