Highway (NASDAQ:HIHO) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Highway Holdings Limited (NASDAQ:HIHO)’s stock price passed 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 trading hands.

Highway Stock Performance

The company has a 50 day moving average of $1.94 and a 200 day moving average of $1.93. The stock has a market capitalization of $8.54 million, a price-to-earnings ratio of -16.17 and a beta of 0.04.

Highway (NASDAQ:HIHO) last announced its quarterly earnings data on Thursday, October 10th. The industrial products company reported $0.05 EPS for the quarter. Highway had a positive return on equity of 4.49% and a negative net margin of 5.79%. The business had revenue of $2.12 million during the quarter.

Highway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Thursday, December 12th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 10.31%. The ex-dividend date was Thursday, December 12th. This is a boost from Highway’s previous quarterly dividend of $0.02. Highway’s payout ratio 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.