Forward Industries, Inc. (NASDAQ:FORD) insider Mitchell Maiman sold 10,000 shares of the stock in a transaction dated Monday, June 14th. The shares were sold at an average price of $2.77, for a total value of $27,700.00. Following the completion of the sale, the insider now directly owns 85,868 shares in the company, valued at approximately $237,854.36. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Mitchell Maiman also recently made the following trade(s):
- On Monday, April 12th, Mitchell Maiman sold 10,000 shares of Forward Industries stock. The stock was sold at an average price of $2.92, for a total value of $29,200.00.
Shares of NASDAQ FORD opened at $3.21 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.02 and a debt-to-equity ratio of 0.22. Forward Industries, Inc. has a fifty-two week low of $1.22 and a fifty-two week high of $5.75. The firm has a market cap of $31.95 million, a price-to-earnings ratio of 321.32 and a beta of 1.00. The stock’s 50-day simple moving average is $2.67.
Forward Industries (NASDAQ:FORD) last issued its earnings results on Friday, May 14th. The textile maker reported ($0.08) earnings per share for the quarter. Forward Industries had a negative return on equity of 18.96% and a net margin of 0.12%. The business had revenue of $8.40 million for the quarter. On average, sell-side analysts forecast that Forward Industries, Inc. will post 0.07 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of FORD. Virtu Financial LLC raised its position in shares of Forward Industries by 45.0% during the 4th quarter. Virtu Financial LLC now owns 23,445 shares of the textile maker’s stock worth $43,000 after acquiring an additional 7,276 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Forward Industries during the 1st quarter worth about $47,000. Finally, Renaissance Technologies LLC raised its position in shares of Forward Industries by 3.3% during the 4th quarter. Renaissance Technologies LLC now owns 779,540 shares of the textile maker’s stock worth $1,419,000 after acquiring an additional 24,894 shares in the last quarter. 15.73% of the stock is currently owned by institutional investors and hedge funds.
About Forward Industries
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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