Highway (NASDAQ:HIHO) Stock Crosses Above 200 Day Moving Average of $2.13

Highway Holdings Limited (NASDAQ:HIHO) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.13 and traded as high as $2.19. Highway shares last traded at $2.08, with a volume of 1,000 shares trading hands.

Analyst Upgrades and Downgrades

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

Highway Price Performance

The business has a 50 day moving average price of $2.10 and a 200 day moving average price of $2.13. The firm has a market capitalization of $9.14 million, a P/E ratio of -26.00 and a beta of 0.37.

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

Highway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Monday, June 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 23rd. This is an increase from Highway’s previous quarterly dividend of $0.05. This represents a $0.40 dividend on an annualized basis and a yield of 19.23%. Highway’s dividend payout ratio (DPR) is -500.00%.

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.