Highway (NASDAQ:HIHO) Stock Price Breaks Below Two Hundred Day Moving Average – What’s Next?

Highway Holdings Limited (NASDAQ:HIHO) shares passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $0.87 and traded as low as $0.8611. Highway shares last traded at $0.8927, with a volume of 9,694 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Highway from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Highway currently has a consensus rating of “Sell”.

Highway Stock Performance

The company has a current ratio of 2.42, a quick ratio of 1.84 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $3.98 million, a P/E ratio of -2.69 and a beta of 0.46. The business’s 50 day simple moving average is $0.94 and its two-hundred day simple moving average is $0.87.

Highway (NASDAQ:HIHO) last issued its earnings results on Monday, July 20th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $2.00 million for the quarter. Highway had a negative net margin of 28.08% and a negative return on equity of 25.93%.

Highway Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Monday, August 10th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, August 10th. Highway’s dividend payout ratio (DPR) is currently -15.62%.

Highway Company Profile

Highway Holdings Limited (NASDAQ:HIHO) is a manufacturer of precision metal and plastic components, subassemblies, and finished products for original equipment manufacturers and other industrial customers. The company provides services that include metal stamping, precision machining, wire forming, welding, plastic injection molding, and product assembly.

Highway Holdings serves customers in industries such as automotive, electronics, telecommunications, and other industrial markets. Its manufacturing and assembly operations have historically been based in China, while its customer base has included companies in North America, Europe, and Asia.

Founded in 1990, the company operates as an outsourced manufacturing partner, producing components and assemblies according to customer specifications.