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

Shares of Highway Holdings Limited (NASDAQ:HIHO) 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 changing hands.

Highway Trading Up 0.5 %

The firm has a market cap of $8.58 million, a price-to-earnings ratio of -16.25 and a beta of 0.03. The business’s 50-day simple moving average is $1.95 and its two-hundred day simple moving average is $1.94.

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

Highway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Thursday, December 12th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.20 annualized dividend and a yield of 10.26%. This is a boost from Highway’s previous quarterly dividend of $0.02. Highway’s dividend payout ratio (DPR) is currently -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.