StockNews.com initiated coverage on shares of Forward Industries (NASDAQ:FORD – Free Report) in a research report sent to investors on Monday. The firm issued a hold rating on the textile maker’s stock.
Forward Industries Stock Performance
NASDAQ FORD opened at $0.73 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.42. The firm has a 50-day simple moving average of $0.72 and a 200 day simple moving average of $0.76. Forward Industries has a twelve month low of $0.59 and a twelve month high of $1.36.
Institutional Investors Weigh In On Forward Industries
A hedge fund recently raised its stake in Forward Industries stock. Renaissance Technologies LLC boosted its holdings in shares of Forward Industries, Inc. (NASDAQ:FORD – Free Report) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 602,440 shares of the textile maker’s stock after purchasing an additional 8,800 shares during the period. Renaissance Technologies LLC owned about 5.99% of Forward Industries worth $886,000 as of its most recent SEC filing. Institutional investors own 13.95% of the company’s stock.
About Forward Industries
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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