Highway (NASDAQ:HIHO) Stock Passes Above 200-Day Moving Average – Time to Sell?

Highway Holdings Limited (NASDAQ:HIHO) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.94 and traded as high as $1.99. Highway shares last traded at $1.94, with a volume of 19,476 shares.

Highway Stock Performance

The company has a market cap of $8.54 million, a PE ratio of -16.17 and a beta of 0.03. The business’s 50-day moving average is $1.95 and its 200 day moving average is $1.94.

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

Highway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Thursday, December 12th were paid a $0.05 dividend. This is an increase from Highway’s previous quarterly dividend of $0.02. This represents a $0.20 dividend on an annualized basis and a yield of 10.31%. The ex-dividend date of this dividend was Thursday, December 12th. Highway’s dividend payout ratio is presently -166.67%.

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.