Forward Industries (NASDAQ:FORD) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Forward Industries (NASDAQ:FORDGet Rating) in a research note issued on Monday. The brokerage set a “hold” rating on the textile maker’s stock.

Forward Industries Trading Up 1.6 %

NASDAQ FORD opened at $1.28 on Monday. Forward Industries has a 1-year low of $1.06 and a 1-year high of $2.11. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $1.31 and a 200-day moving average of $1.48. The firm has a market cap of $12.88 million, a PE ratio of -18.28 and a beta of 0.82.

Institutional Investors Weigh In On Forward Industries

A hedge fund recently bought a new stake in Forward Industries stock. GMT Capital Corp bought a new stake in Forward Industries, Inc. (NASDAQ:FORDGet Rating) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 91,800 shares of the textile maker’s stock, valued at approximately $135,000. GMT Capital Corp owned about 0.91% of Forward Industries at the end of the most recent quarter. 19.66% of the stock is currently owned by institutional investors.

About Forward Industries

(Get Rating)

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.

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