Forward Industries (NASDAQ:FORD) Sees Strong Trading Volume - What's Next?

Key Points

• Forward Industries experienced a significant increase in trading volume, with approximately 421,324 shares traded, a 255% rise from the previous session.
• Analysts have a consensus rating of "Sell" for Forward Industries, with firms like Weiss Ratings and Wall Street Zen recently downgrading their outlook on the stock.
• The company reported a quarterly earnings loss of ($2.17) per share, with a revenue of $2.49 million and a negative return on equity of 1,522.78%.

Shares of Forward Industries, Inc. (NASDAQ:FORD - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 421,324 shares changed hands during mid-day trading, an increase of 255% from the previous session's volume of 118,781 shares.The stock last traded at $24.59 and had previously closed at $24.58.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FORD shares. Weiss Ratings restated a "sell (d-)" rating on shares of Forward Industries in a report on Wednesday, October 8th. 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 a consensus rating of "Sell".

Forward Industries Trading Down 1.8%

The business has a 50-day simple moving average of $21.16 and a two-hundred day simple moving average of $12.08.

Forward Industries (NASDAQ:FORD - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The textile maker reported ($2.17) earnings per share for the quarter. The business 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%.

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.

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