Highway (NASDAQ:HIHO) Stock Passes Above 200-Day Moving Average of $2.04

Highway Holdings Limited (NASDAQ:HIHO)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.04 and traded as high as $2.22. Highway shares last traded at $2.22, with a volume of 2,340 shares changing hands.

Highway Stock Performance

The company’s 50-day moving average price is $2.10 and its two-hundred day moving average price is $2.04. The stock has a market cap of $9.75 million, a PE ratio of -9.25 and a beta of 0.09.

Highway (NASDAQ:HIHO) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.07 earnings per share for the quarter. The firm had revenue of $4.11 million for the quarter. Highway had a negative net margin of 11.19% and a negative return on equity of 12.14%.

Highway Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Monday, April 22nd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 9.01%. The ex-dividend date of this dividend is Friday, April 19th. Highway’s dividend payout ratio is currently -83.33%.

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.