Forward Industries, Inc. (NASDAQ:FORD - Get Free Report) shares saw an uptick in trading volume on Wednesday . 103,368 shares were traded during mid-day trading, a decline of 4% from the previous session's volume of 107,513 shares.The stock last traded at $24.77 and had previously closed at $23.65.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on FORD shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Forward Industries in a research note on Wednesday. Wall Street Zen downgraded Forward Industries to a "strong sell" rating in a research report on Saturday, August 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Forward Industries has an average rating of "Sell".
Read Our Latest Research Report on Forward Industries
Forward Industries Stock Up 9.7%
The firm's 50-day simple moving average is $20.25 and its 200-day simple moving average is $11.49.
Forward Industries (NASDAQ:FORD - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The textile maker reported ($2.17) EPS for the quarter. The company had revenue of $2.49 million for the quarter. Forward Industries had a negative net margin of 14.52% and a negative return on equity of 1,522.78%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC acquired a new stake in shares of Forward Industries, Inc. (NASDAQ:FORD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,705 shares of the textile maker's stock, valued at approximately $53,000. Citadel Advisors LLC owned about 0.97% of Forward Industries as of its most recent filing with the Securities & Exchange Commission.
About Forward Industries
(
Get Free Report)
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.
Further Reading
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