Forward Industries, Inc., together with its subsidiaries, designs, markets, and distributes carry and protective solutions primarily for handheld electronic devices. The company operates in three segments: OEM Distribution, Retail Distribution, and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS devices, tablets, and firearms. The Retail Distribution segment sources and sells smart-enabled furniture and a range of other products through agreements with various retailers, including in stores and online retailer websites. The Design segment provides hardware and software product design and engineering services. The company sells its products to original equipment manufacturers in the Asia-Pacific, the Americas, Europe, the Middle East, and Africa. Forward Industries, Inc. was incorporated in 1961 and is headquartered in Hauppauge, New York.
Forward Industries Price Performance
Shares of FORD Stock opened at $1.78 on Tuesday. The stock has a market cap of $17.91 million, a PE ratio of -178.00 and a beta of 0.79. The stock has a 50-day moving average of $1.59 and a 200-day moving average of $1.60. Forward Industries has a one year low of $1.06 and a one year high of $2.73.
Forward Industries (NASDAQ:FORD - Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The textile maker reported ($0.04) EPS for the quarter. The company had revenue of $10.32 million during the quarter. Forward Industries had a negative net margin of 0.04% and a negative return on equity of 0.21%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on FORD. StockNews.com began coverage on Forward Industries in a report on Tuesday. They set a "hold" rating for the company. TheStreet cut Forward Industries from a "c-" rating to a "d+" rating in a report on Tuesday, June 7th.