Forward Industries, Inc. (NASDAQ:FORD - Get Free Report)'s share price dropped 4.4% during mid-day trading on Wednesday . The stock traded as low as $30.00 and last traded at $30.24. Approximately 96,401 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 89,315 shares. The stock had previously closed at $31.64.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Forward Industries to a "strong sell" rating in a report on Saturday, August 23rd.
Check Out Our Latest Report on FORD
Forward Industries Trading Up 2.3%
The business has a fifty day simple moving average of $16.92 and a 200-day simple moving average of $9.90.
Forward Industries (NASDAQ:FORD - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The textile maker reported ($2.17) earnings per share (EPS) for the quarter. Forward Industries had a negative return on equity of 1,522.78% and a negative net margin of 14.52%.The business had revenue of $2.49 million for the quarter.
Hedge Funds Weigh In On Forward Industries
A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC purchased a new stake in Forward Industries, Inc. (NASDAQ:FORD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 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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