Forward Industries (NASDAQ:FORD) Stock Crosses Below 200 Day Moving Average of $1.12

Forward Industries, Inc. (NASDAQ:FORD)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.12 and traded as low as $1.01. Forward Industries shares last traded at $1.02, with a volume of 300 shares trading hands.

The firm’s fifty day moving average price is $1.03 and its 200-day moving average price is $1.12.

An institutional investor recently raised its position in Forward Industries stock. Grassi Investment Management raised its position in Forward Industries, Inc. (NASDAQ:FORD) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 926,606 shares of the textile maker’s stock after acquiring an additional 45,341 shares during the quarter. Grassi Investment Management owned approximately 9.72% of Forward Industries worth $8,488,000 at the end of the most recent quarter. 23.87% of the stock is currently owned by hedge funds and other institutional investors.

About Forward Industries (NASDAQ:FORD)

Forward Industries, Inc, together with its subsidiaries, designs, markets, and distributes carry and protective solutions primarily for hand held electronic devices. It provides carrying cases and other accessories for medical monitoring and diagnostic kits; and other portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, smartphones, GPS location devices, tablets, firearms, and other products.

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