Forward Industries (NASDAQ:FORD) Trading Down 6.8% - Time to Sell?

Forward Industries, Inc. (NASDAQ:FORD - Get Free Report) shares fell 6.8% on Friday . The stock traded as low as $22.89 and last traded at $22.44. 97,159 shares traded hands during trading, a decline of 14% from the average session volume of 113,038 shares. The stock had previously closed at $24.08.Get Forward Industries alerts:Analyst Ratings ChangesSolana Beat BTC and ETH in Q3: These 3 Stocks Saw It ComingA number of research firms recently weighed in on FORD. Weiss Ratings restated a "sell (d-)" rating on shares of Forward Industries in a report on Wednesday. Wall Street Zen cut Forward Industries to a "strong sell" rating in a research report on Saturday, August 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Forward Industries has an average rating of "Sell".View Our Latest Analysis on Forward IndustriesForward Industries Trading Down 11.7%The business has a fifty day simple moving average of $20.76 and a 200 day simple moving average of $11.72. Forward Industries (NASDAQ:FORD - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The textile maker reported ($2.17) earnings per share (EPS) for the quarter. The company had revenue of $2.49 million during the quarter. Forward Industries had a negative net margin of 14.52% and a negative return on equity of 1,522.78%. Hedge Funds Weigh In On Forward IndustriesA hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC bought a new position in Forward Industries, Inc. (NASDAQ:FORD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,705 shares of the textile maker's stock, valued at approximately $53,000. Citadel Advisors LLC owned 0.97% of Forward Industries as of its most recent filing with the Securities and Exchange Commission. Forward Industries Company Profile (Get Free Report)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.See AlsoFive stocks we like better than Forward IndustriesHow to Evaluate a Stock Before Buying Constellation Brands: Buffett’s $2.2B Bet May Have Hit BottomWhat Are Some of the Best Large-Cap Stocks to Buy?How Gamers Are Powering Microsoft’s Next Wave of GrowthBest Aerospace Stocks Investing Big Gains Alert: These 3 Tech Stocks Are Surging This MonthThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Forward Industries Right Now?Before you consider Forward Industries, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Forward Industries wasn't on the list.While Forward Industries currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here