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

Highway Holdings Limited (NASDAQ:HIHO) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Highway Stock Performance

The company’s fifty day simple moving average is $1.94 and its 200-day simple moving average is $1.93. The company has a market capitalization of $8.54 million, a P/E ratio of -16.17 and a beta of 0.04.

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 firm 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 paid a $0.05 dividend. The ex-dividend date was Thursday, December 12th. This is a boost from Highway’s previous quarterly dividend of $0.02. This represents a $0.20 dividend on an annualized basis and a yield of 10.31%. 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.