Highway (NASDAQ:HIHO) Shares Cross Above Two Hundred Day Moving Average of $2.05

Highway Holdings Limited (NASDAQ:HIHO)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.05 and traded as high as $2.17. Highway shares last traded at $2.09, with a volume of 9,692 shares changing hands.

Highway Stock Down 0.5 %

The firm has a market capitalization of $9.18 million, a PE ratio of -8.71 and a beta of 0.09. The stock has a 50-day moving average price of $2.11 and a 200 day moving average price of $2.05.

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

Highway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Monday, April 22nd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 9.57%. The ex-dividend date of this dividend is Friday, April 19th. Highway’s dividend payout ratio is presently -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.