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

Shares of Highway Holdings Limited (NASDAQ:HIHO) 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 traded.

Highway Stock Up 0.5 %

The stock 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 $8.54 million, a PE ratio of -16.17 and a beta of 0.04.

Highway (NASDAQ:HIHO) last announced its quarterly earnings results on Thursday, October 10th. The industrial products company reported $0.05 earnings per share 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 during the quarter.

Highway Increases Dividend

The business also recently announced 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 10.31%. 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 (DPR) 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.