Forward Industries (NASDAQ:FORD) Stock Crosses Below 200 Day Moving Average of $0.69

Forward Industries, Inc. (NASDAQ:FORD)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.69 and traded as low as $0.50. Forward Industries shares last traded at $0.50, with a volume of 8,606 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Forward Industries in a research report on Wednesday. They issued a “hold” rating on the stock.

Forward Industries Price Performance

The company’s 50-day moving average is $0.61 and its two-hundred day moving average is $0.69.

Forward Industries (NASDAQ:FORD) last released its quarterly earnings results on Wednesday, February 14th. The textile maker reported ($0.04) earnings per share for the quarter. The firm had revenue of $7.15 million during the quarter.

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.