Highway (NASDAQ:HIHO) Stock Passes Above 200-Day Moving Average – What’s Next?

Highway Holdings Limited (NASDAQ:HIHO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Highway Trading Down 2.1 %

The stock has a market cap of $8.50 million, a P/E ratio of -16.08 and a beta of 0.04. The company has a 50-day moving average price of $1.94 and a two-hundred day moving average price of $1.93.

Highway (NASDAQ:HIHO) last released its earnings results on Thursday, October 10th. The industrial products company reported $0.05 earnings per share for the quarter. The firm 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Thursday, December 12th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 10.36%. This is an increase from Highway’s previous quarterly dividend of $0.02. Highway’s payout ratio is currently -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.