Wolverine Asset Management LLC Makes New Investment in Forward Industries, Inc. $FWDI

Wolverine Asset Management LLC purchased a new stake in Forward Industries, Inc. (NASDAQ:FWDI) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 137,553 shares of the company’s stock, valued at approximately $909,000. Wolverine Asset Management LLC owned 0.16% of Forward Industries as of its most recent filing with the SEC.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Forward Industries in a report on Monday. B. Riley Financial assumed coverage on shares of Forward Industries in a report on Thursday, April 23rd. They issued a “buy” rating and a $7.00 price target for the company. Zacks Research raised shares of Forward Industries to a “hold” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised shares of Forward Industries from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Forward Industries presently has a consensus rating of “Hold” and an average target price of $7.00.

Forward Industries Stock Performance

Shares of NASDAQ:FWDI opened at $4.97 on Thursday. The company has a market cap of $413.21 million, a P/E ratio of -1.33 and a beta of 0.78. The firm has a 50-day moving average price of $4.66. Forward Industries, Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $46.00.

Forward Industries Company Profile

Forward Industries, Inc is a company that designs, manufactures and markets protective solutions and accessories for portable electronic devices. Its product range typically includes protective cases, covers, sleeves, holsters and carrying solutions tailored for smartphones, tablets and other consumer electronics, along with related accessory items. The company combines industrial design and materials engineering to produce products that protect devices from impact, abrasion and everyday wear.

The business model centers on product design, sourcing and distribution for retail, wholesale and original equipment manufacturer (OEM) channels.