Highway (NASDAQ:HIHO) Stock Passes Below 200 Day Moving Average of $2.14

Highway Holdings Limited (NASDAQ:HIHO)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.14 and traded as low as $2.06. Highway shares last traded at $2.06, with a volume of 800 shares.

Analyst Ratings Changes

Separately, TheStreet lowered shares of Highway from a “c-” rating to a “d+” rating in a report on Tuesday, August 8th.

Highway Stock Performance

The business’s fifty day moving average is $2.15 and its two-hundred day moving average is $2.14. The company has a market cap of $9.04 million, a P/E ratio of -25.75 and a beta of 0.37.

Highway (NASDAQ:HIHO) last announced its quarterly earnings data on Thursday, July 13th. The industrial products company reported ($0.28) earnings per share for the quarter. Highway had a negative net margin of 0.01% and a negative return on equity of 3.10%. The company had revenue of $1.70 million for the quarter.

Highway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Monday, June 26th were issued a dividend of $0.10 per share. This is a positive change from Highway’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, June 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 19.42%. Highway’s dividend payout ratio (DPR) is presently -499.94%.

About Highway

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.