Highway Holdings Limited (NASDAQ:HIHO – Get Free Report) dropped 2.6% during mid-day trading on Wednesday . The company traded as low as $1.91 and last traded at $1.91. Approximately 9,583 shares changed hands during trading, a decline of 76% from the average daily volume of 40,373 shares. The stock had previously closed at $1.96.
Highway Stock Down 0.8 %
The company’s 50-day moving average is $1.95 and its 200 day moving average is $1.96. The company has a market cap of $8.34 million, a price-to-earnings ratio of -15.79 and a beta of 0.03.
Highway (NASDAQ:HIHO – Get Free Report) last announced its quarterly 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 during the quarter. Highway had a positive return on equity of 4.49% and a negative net margin of 5.79%.
Highway Increases Dividend
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.
Featured Stories
- Five stocks we like better than Highway
- Basic Materials Stocks Investing
- FinWise Bancorp’s CEO Talks Strategy Behind Fintech Success
- Expert Stock Trading Psychology Tips
- Broadcom: Turning the Mag 7 Into 8 Trillion-Dollar Tech Giants
- Learn Technical Analysis Skills to Master the Stock Market
- SoundHound AI: Can Its Meteoric Rise Sustain Into 2025?
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.