Forward Industries, Inc. (NASDAQ:FORD - Get Free Report)'s share price was down 7.4% during mid-day trading on Wednesday . The stock traded as low as $17.30 and last traded at $17.27. Approximately 71,974 shares traded hands during trading, a decline of 43% from the average daily volume of 127,373 shares. The stock had previously closed at $18.66.
Wall Street Analysts Forecast Growth
FORD has been the topic of several recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Forward Industries in a research report on Wednesday, October 8th. Wall Street Zen cut 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, Based on data from MarketBeat, the company has an average rating of "Sell".
Read Our Latest Report on FORD
Forward Industries Trading Down 5.2%
The firm has a 50-day moving average of $22.23 and a two-hundred day moving average of $12.76.
Forward Industries (NASDAQ:FORD - Get Free Report) last released 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 business had revenue of $2.49 million during the quarter.
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.
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