Forward Industries (NASDAQ:FORD) Sees Strong Trading Volume – Time to Buy?

Shares of Forward Industries, Inc. (NASDAQ:FORD) saw an uptick in trading volume on Monday . 182,510 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 175,269 shares.The stock last traded at $10.39 and had previously closed at $10.37.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FORD. Weiss Ratings reiterated a “sell (d-)” rating on shares of Forward Industries in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Forward Industries to a “strong sell” rating in a research report on Saturday, August 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Forward Industries Stock Performance

The firm’s 50 day moving average is $22.69 and its 200-day moving average is $13.67. The stock has a market capitalization of $947.50 million, a price-to-earnings ratio of -2.46 and a beta of 0.61.

Forward Industries (NASDAQ:FORD) last announced its earnings results on Thursday, August 14th. The textile maker reported ($2.17) earnings per share (EPS) for the quarter. Forward Industries had a negative net margin of 14.52% and a negative return on equity of 1,522.78%. The company had revenue of $2.49 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.