Highway (NASDAQ:HIHO) Shares Cross Above 200 Day Moving Average – What’s Next?

Highway Holdings Limited (NASDAQ:HIHO)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.94 and traded as high as $1.98. Highway shares last traded at $1.95, with a volume of 12,169 shares changing hands.

Highway Stock Performance

The firm has a market capitalization of $8.58 million, a P/E ratio of -16.25 and a beta of 0.03. The stock’s 50 day simple moving average is $1.93 and its 200 day simple moving average is $1.94.

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

Highway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Thursday, December 12th were issued a $0.05 dividend. This is an increase from Highway’s previous quarterly dividend of $0.02. This represents a $0.20 annualized dividend and a dividend yield of 10.26%. The ex-dividend date was Thursday, December 12th. Highway’s payout ratio is presently -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.