Highway (NASDAQ:HIHO) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Highway (NASDAQ:HIHO) from a sell rating to a hold rating in a research note published on Tuesday morning, ValuEngine reports.

Separately, TheStreet cut Highway from a c rating to a d+ rating in a research note on Friday, July 19th.

Shares of NASDAQ HIHO traded up $0.01 during mid-day trading on Tuesday, hitting $1.69. The company had a trading volume of 300 shares, compared to its average volume of 14,663. The company has a quick ratio of 2.02, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. Highway has a 1-year low of $1.62 and a 1-year high of $4.70. The business’s 50-day simple moving average is $1.84 and its 200 day simple moving average is $2.68.

Highway (NASDAQ:HIHO) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter. Highway had a negative net margin of 6.23% and a negative return on equity of 7.93%. The company had revenue of $2.85 million during the quarter.

In other Highway news, CEO James M. Harrison purchased 125,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $4.53 per share, for a total transaction of $566,250.00. Over the last 90 days, insiders acquired 156,448 shares of company stock worth $628,843.

About Highway

Highway Holdings Limited, through its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEM) and contract manufacturers. The company operates in two segments, Metal Stamping and Mechanical OEM, and Electric OEM.

Recommended Story: How is Preferred Stock Different from Common Stock?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Highway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highway and related companies with MarketBeat.com's FREE daily email newsletter.