Forward Industries (NASDAQ:FORD) Sees Strong Trading Volume - Should You Buy?

Key Points

• Forward Industries experienced a trading volume of 90,548 shares, with share prices dropping from $32.78 to $30.05.
• Wall Street Zen has downgraded Forward Industries' stock to a "strong sell" rating.
• The company's latest quarterly report revealed a loss of ($2.17) EPS and a negative net margin of 14.52%.

Forward Industries, Inc. (NASDAQ:FORD - Get Free Report) saw strong trading volume on Thursday . 90,548 shares changed hands during mid-day trading, a decline of 0% from the previous session's volume of 90,838 shares.The stock last traded at $30.05 and had previously closed at $32.78.

Analyst Upgrades and Downgrades

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

Forward Industries Price Performance

The company's 50-day moving average is $17.39 and its two-hundred day moving average is $10.06.

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

Institutional Trading of Forward Industries

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