Forward Industries (NASDAQ:FORD) Announces Earnings Results

Forward Industries (NASDAQ:FORD) announced its quarterly earnings results on Thursday. The textile maker reported ($0.64) EPS for the quarter, Zacks reports. Forward Industries had a negative net margin of 6.46% and a negative return on equity of 124.85%. The company had revenue of $6,620 billion during the quarter.

Forward Industries Stock Performance

Shares of NASDAQ:FORD traded down $0.21 on Friday, reaching $5.66. 17,818 shares of the company’s stock were exchanged, compared to its average volume of 20,708. The company has a fifty day moving average of $5.41 and a 200-day moving average of $4.36. Forward Industries has a twelve month low of $3.10 and a twelve month high of $8.29.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Forward Industries in a research note on Sunday, February 9th. They issued a “hold” rating on the stock.

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.