Forward Industries, Inc. (NASDAQ:FORD) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.32 and traded as low as $1.19. Forward Industries shares last traded at $1.19, with a volume of 1,092 shares trading hands.

FORD has been the topic of a number of research analyst reports. ValuEngine cut shares of Forward Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. TheStreet lowered shares of Forward Industries from a “c” rating to a “d” rating in a research report on Tuesday, June 18th.

The firm’s 50-day moving average price is $1.10 and its 200-day moving average price is $1.32.

Forward Industries (NASDAQ:FORD) last posted its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share (EPS) for the quarter. Forward Industries had a negative net margin of 4.27% and a negative return on equity of 15.86%. The business had revenue of $9.91 million during the quarter.

A hedge fund recently bought a new stake in Forward Industries stock. Grassi Investment Management purchased a new stake in Forward Industries, Inc. (NASDAQ:FORD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 881,265 shares of the textile maker’s stock, valued at approximately $9,015,000. Grassi Investment Management owned 9.24% of Forward Industries as of its most recent SEC filing. Hedge funds and other institutional investors own 22.92% of the company’s stock.

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.

Further Reading: Quiet Period Expirations

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