Highway Holdings Limited (NASDAQ:HIHO – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.93 and traded as high as $1.96. Highway shares last traded at $1.93, with a volume of 16,692 shares trading hands.
Highway Trading Up 0.5 %
The stock’s fifty day simple moving average is $1.94 and its 200 day simple moving average is $1.93. The company has a market cap of $8.47 million, a price-to-earnings ratio of -16.04 and a beta of 0.04.
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 issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 10.39%. The ex-dividend date was Thursday, December 12th. This is a boost from Highway’s previous quarterly dividend of $0.02. Highway’s dividend payout ratio (DPR) is currently -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.
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