Highway (NASDAQ:HIHO) Issues Earnings Results

Highway (NASDAQ:HIHO) issued its earnings results on Tuesday. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. Highway had a positive return on equity of 4.49% and a negative net margin of 5.79%.

Highway Price Performance

Shares of HIHO stock opened at $1.93 on Tuesday. The firm’s 50-day moving average is $1.94 and its two-hundred day moving average is $1.92. Highway has a 12 month low of $1.70 and a 12 month high of $2.88. The company has a market capitalization of $8.47 million, a PE ratio of -16.04 and a beta of 0.04.

Highway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Thursday, December 12th were given a dividend of $0.05 per share. This is a boost from Highway’s previous quarterly dividend of $0.02. This represents a $0.20 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend was Thursday, December 12th. Highway’s dividend payout ratio (DPR) is presently -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.