Forward Industries (FORD) Earning Somewhat Favorable News Coverage, Report Shows

Media stories about Forward Industries (NASDAQ:FORD) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Forward Industries earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the textile maker an impact score of 46.4299434191149 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

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Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

Premier Diversified Holdings Inc. Announces Private Placement (virtual-strategy.com)
Green Spirit Industries Inc. Signs Lease and Submits Application for New Medical Cannabis Dispensary in Puerto Rico (einpresswire.com)
New 2017 Ford Fusion SE (cars.com)
Omni-Lite Industries Announces Kernaghan to Conduct Normal Course Issuer Bid (globenewswire.com)

Separately, TheStreet cut shares of Forward Industries from a “c” rating to a “d” rating in a research report on Friday, May 12th.

Shares of Forward Industries (NASDAQ:FORD) traded up 4.67% during midday trading on Friday, reaching $1.12. 62,472 shares of the company’s stock traded hands. The firm has a market capitalization of $9.81 million, a P/E ratio of 16.00 and a beta of -1.58. The stock’s 50 day moving average price is $1.09 and its 200 day moving average price is $1.11. Forward Industries has a 52-week low of $1.02 and a 52-week high of $1.67.

Forward Industries (NASDAQ:FORD) last issued its quarterly earnings results on Monday, August 14th. The textile maker reported $0.06 EPS for the quarter. The company had revenue of $7.33 million during the quarter. Forward Industries had a return on equity of 7.24% and a net margin of 2.41%.

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Forward Industries Company Profile

Forward Industries, Inc designs and distributes carry and protective solutions, primarily for hand held electronic devices, including soft-sided carrying cases, bags, clips, hand straps, protective plates and other accessories. The Company operates in the design and distribution of carry and protective solutions, primarily for hand held electronic devices segment.