Highway (NASDAQ:HIHO) Stock Crosses Below 200 Day Moving Average of $1.84

Highway Holdings Limited (NASDAQ:HIHO) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.84 and traded as low as $1.78. Highway shares last traded at $1.78, with a volume of 3,294 shares changing hands.

Separately, ValuEngine raised Highway from a “hold” rating to a “buy” rating in a report on Friday, January 3rd.

The stock has a market capitalization of $6.76 million, a price-to-earnings ratio of -9.94 and a beta of 0.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.01 and a current ratio of 2.40. The company has a fifty day simple moving average of $1.70 and a two-hundred day simple moving average of $1.81.

Highway (NASDAQ:HIHO) last announced its quarterly earnings data on Tuesday, November 12th. The industrial products company reported ($0.02) earnings per share for the quarter. The company had revenue of $3.20 million during the quarter. Highway had a negative net margin of 5.38% and a negative return on equity of 6.76%.

Highway Company Profile (NASDAQ:HIHO)

Highway Holdings Limited, through its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEM) and contract manufacturers. The company operates in two segments, Metal Stamping and Mechanical OEM, and Electric OEM.

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