Highway (HIHO) Downgraded by ValuEngine

ValuEngine lowered shares of Highway (NASDAQ:HIHO) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

NASDAQ HIHO opened at $5.20 on Tuesday. The stock has a market cap of $19.58, a price-to-earnings ratio of 18.39 and a beta of 0.25. Highway has a one year low of $3.10 and a one year high of $5.65.

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Highway (NASDAQ:HIHO) last posted its earnings results on Monday, February 5th. The industrial products company reported $0.10 EPS for the quarter. The business had revenue of $5.03 million for the quarter. Highway had a net margin of 5.21% and a return on equity of 9.04%. During the same period last year, the business posted $0.07 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 28th will be given a dividend of $0.10 per share. This is an increase from Highway’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 7.69%.

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Highway Company Profile

Highway Holdings Limited, through its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEM) and contract manufacturers. The company operates through two segments, Metal Stamping and Mechanical OEM, and Electric OEM.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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