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

Key Points

• Forward Industries (NASDAQ:FORD) experienced a trading volume of approximately 111,511 shares, which is a 10% decrease compared to the previous session's volume.
• Recently, several analysts downgraded the stock, with Wall Street Zen assigning a "strong sell" rating and Weiss Ratings reaffirming a "sell (d-)" rating, contributing to a consensus rating of "Sell."
• For the latest earnings report, Forward Industries reported a loss of ($2.17) EPS with a revenue of $2.49 million, indicating a negative net margin of 14.52% and a staggering negative return on equity of 1,522.78%.

Forward Industries, Inc. (NASDAQ:FORD - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 111,511 shares were traded during mid-day trading, a decline of 10% from the previous session's volume of 123,938 shares.The stock last traded at $21.62 and had previously closed at $21.75.

Analyst Ratings Changes

A number of brokerages recently commented on FORD. Wall Street Zen downgraded shares of Forward Industries to a "strong sell" rating in a research note on Saturday, August 23rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Forward Industries in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Forward Industries presently has a consensus rating of "Sell".

Forward Industries Trading Down 6.6%

The firm's 50-day simple moving average is $21.98 and its two-hundred day simple moving average is $12.62.

Forward Industries (NASDAQ:FORD - Get Free Report) last issued its earnings results on Thursday, August 14th. The textile maker reported ($2.17) earnings per share (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 company had revenue of $2.49 million during the 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.

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