Highway (NASDAQ:HIHO) Stock Passes Above 200 Day Moving Average – Here’s Why

Highway Holdings Limited (NASDAQ:HIHO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.93 and traded as high as $1.95. Highway shares last traded at $1.93, with a volume of 8,388 shares changing hands.

Highway Trading Down 2.1 %

The company has a 50-day simple moving average of $1.94 and a 200 day simple moving average of $1.93. The company has a market cap of $8.50 million, a P/E ratio of -16.08 and a beta of 0.04.

Highway (NASDAQ:HIHO) last announced its quarterly earnings data on Thursday, October 10th. The industrial products company reported $0.05 EPS for the quarter. The company had revenue of $2.12 million for the quarter. Highway had a positive return on equity of 4.49% and a negative net margin of 5.79%.

Highway Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Thursday, December 12th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 10.36%. The ex-dividend date of this dividend was Thursday, December 12th. This is an increase from Highway’s previous quarterly dividend of $0.02. Highway’s dividend payout ratio is -166.67%.

Highway Company Profile

Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEMs) and contract manufacturers. It operates through two segments, Metal Stamping and Mechanical OEM; and Electric OEM.