Forward Industries (NASDAQ:FORD) Issues Earnings Results

Forward Industries (NASDAQ:FORD) announced its earnings results on Thursday. The textile maker reported ($0.64) earnings per share for the quarter, Zacks reports. Forward Industries had a negative net margin of 6.46% and a negative return on equity of 124.85%.

Forward Industries Stock Up 2.3 %

Shares of FORD stock traded up $0.13 during mid-day trading on Thursday, reaching $5.87. 14,764 shares of the company were exchanged, compared to its average volume of 18,023. The business’s 50 day simple moving average is $5.34 and its 200 day simple moving average is $4.34. Forward Industries has a fifty-two week low of $3.10 and a fifty-two week high of $8.29.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Forward Industries in a report on Sunday. They issued a “hold” rating for the company.

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.