Highway (NASDAQ:HIHO) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Highway Holdings Limited (NASDAQ:HIHO)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.93 and traded as high as $1.95. Highway shares last traded at $1.93, with a volume of 8,388 shares changing hands.

Highway Trading Up 0.5 %

The firm has a 50-day simple moving average of $1.94 and a two-hundred day simple moving average of $1.93. The company has a market capitalization of $8.54 million, a price-to-earnings ratio of -16.17 and a beta of 0.04.

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

Highway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 10.31%. This is a positive change from Highway’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, December 12th. Highway’s payout ratio is -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.