Shares of Forward Industries, Inc. (NASDAQ:FORD) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.15 and traded as low as $0.98. Forward Industries shares last traded at $0.98, with a volume of 4,600 shares trading hands.

Separately, ValuEngine lowered shares of Forward Industries from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st.

The firm’s fifty day moving average price is $1.02 and its 200-day moving average price is $1.15.

A hedge fund recently raised its stake in Forward Industries stock. Grassi Investment Management grew its position in Forward Industries, Inc. (NASDAQ:FORD) by 5.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 926,606 shares of the textile maker’s stock after buying an additional 45,341 shares during the period. Grassi Investment Management owned approximately 9.72% of Forward Industries worth $8,488,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.41% 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.

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