Highway (NASDAQ:HIHO) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Highway Holdings Limited (NASDAQ:HIHO)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.94 and traded as high as $1.98. Highway shares last traded at $1.95, with a volume of 12,169 shares changing hands.

Highway Price Performance

The business has a 50-day simple moving average of $1.93 and a 200 day simple moving average of $1.94. The firm has a market cap of $8.89 million, a PE ratio of -16.83 and a beta of 0.03.

Highway (NASDAQ:HIHO) last released its earnings results on Thursday, October 10th. The industrial products company reported $0.05 EPS for the quarter. The company had revenue of $2.12 million for the quarter. Highway had a negative net margin of 5.79% and a positive return on equity of 4.49%.

Highway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Thursday, December 12th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 9.90%. The ex-dividend date was Thursday, December 12th. This is an increase from Highway’s previous quarterly dividend of $0.02. Highway’s dividend payout ratio (DPR) is -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.