Forward Industries, Inc. (FORD) Downgraded by TheStreet to D

TheStreet cut shares of Forward Industries, Inc. (NASDAQ:FORD) from a c rating to a d rating in a research note published on Friday, May 12th.

Forward Industries (NASDAQ FORD) traded up 2.48% during midday trading on Friday, hitting $1.09. The stock had a trading volume of 6,357 shares. Forward Industries has a 52 week low of $1.02 and a 52 week high of $2.11. The firm has a 50 day moving average of $1.11 and a 200 day moving average of $1.17. The firm has a market cap of $9.53 million, a price-to-earnings ratio of 72.67 and a beta of -1.70.

Forward Industries (NASDAQ:FORD) last announced its earnings results on Friday, May 12th. The textile maker reported ($0.03) EPS for the quarter. The company had revenue of $4.53 million during the quarter. Forward Industries had a return on equity of 1.60% and a net margin of 0.54%.

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Forward Industries Company Profile

Forward Industries, Inc designs and distributes carry and protective solutions, primarily for hand held electronic devices, including soft-sided carrying cases, bags, clips, hand straps, protective plates and other accessories. The Company operates in the design and distribution of carry and protective solutions, primarily for hand held electronic devices segment.

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