Highway (NASDAQ:HIHO) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Highway Holdings Limited (NASDAQ:HIHO) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.94 and traded as high as $1.99. Highway shares last traded at $1.94, with a volume of 19,476 shares.

Highway Price Performance

The stock’s 50 day simple moving average is $1.95 and its two-hundred day simple moving average is $1.94. The firm has a market cap of $8.54 million, a P/E ratio of -16.17 and a beta of 0.03.

Highway (NASDAQ:HIHO) last posted its quarterly earnings data 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 company had revenue of $2.12 million during the quarter.

Highway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Thursday, December 12th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 10.31%. The ex-dividend date of this dividend was Thursday, December 12th. This is a positive change from Highway’s previous quarterly dividend of $0.02. Highway’s payout ratio is currently -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.