Highway (NASDAQ:HIHO) Stock Price Passes Above 200 Day Moving Average of $2.05

Highway Holdings Limited (NASDAQ:HIHO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.05 and traded as high as $2.17. Highway shares last traded at $2.09, with a volume of 9,692 shares trading hands.

Highway Price Performance

The business has a 50 day simple moving average of $2.10 and a 200 day simple moving average of $2.05.

Highway (NASDAQ:HIHO) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.07 EPS 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 for the quarter.

Highway Dividend Announcement

The company also recently announced 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 is Friday, April 19th. This represents a $0.20 dividend on an annualized basis and a yield of 9.48%. Highway’s dividend payout ratio (DPR) is currently -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.