Highway (NASDAQ:HIHO) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Highway Holdings Limited (NASDAQ:HIHO)’s stock price crossed 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 Stock Down 2.1 %

The firm has a fifty day moving average price of $1.94 and a two-hundred day moving average price of $1.93. The stock has a market capitalization of $8.50 million, a P/E ratio of -16.08 and a beta of 0.04.

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

Highway Increases Dividend

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

About Highway

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.