Highway (NASDAQ:HIHO) Shares Pass Above 200 Day Moving Average of $2.04

Highway Holdings Limited (NASDAQ:HIHO) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.04 and traded as high as $2.22. Highway shares last traded at $2.22, with a volume of 2,340 shares trading hands.

Highway Price Performance

The company has a 50 day moving average price of $2.10 and a 200 day moving average price of $2.04.

Highway (NASDAQ:HIHO) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.07 earnings per share for the quarter. Highway had a negative return on equity of 12.14% and a negative net margin of 11.19%. The firm had revenue of $4.11 million during the quarter.

Highway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Monday, April 22nd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.20 dividend on an annualized basis and a yield of 9.57%. Highway’s payout ratio is presently -83.33%.

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.