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. The company also trades in plastic injection products; and manufactures and assembles automation equipment. Its products are used in the manufacture of products, such as photocopiers, laser printers, print cartridges, electrical connectors, electrical circuits, vacuum cleaners, LED power supplies, stepping motors, pumps for dishwashers, and other washing machine components. In addition, the company assists customers in the design and development of the tooling used in the metal and plastic manufacturing process, as well as provides an array of other manufacturing and engineering services, including metal stamping, screen printing, plastic injection molding, pad printing, and electronic assembly of printed circuit boards. It operates in Hong Kong and China, Europe, North America, and other Asian countries. Highway Holdings Limited was incorporated in 1990 and is headquartered in Sheung Shui, Hong Kong.
Highway Stock Up 0.5 %
Highway stock opened at $2.03 on Monday. The stock has a market cap of $8.17 million, a P/E ratio of 16.92 and a beta of 0.26. Highway has a twelve month low of $1.71 and a twelve month high of $5.02. The company's 50-day moving average price is $2.13 and its two-hundred day moving average price is $2.47.
Highway (NASDAQ:HIHO - Get Rating) last released its quarterly earnings results on Monday, July 25th. The industrial products company reported $0.09 earnings per share for the quarter. The firm had revenue of $2.94 billion for the quarter. Highway had a net margin of 0.02% and a return on equity of 5.12%.
Highway Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 30th will be issued a $0.15 dividend. This is a boost from Highway's previous quarterly dividend of $0.05. This represents a $0.60 annualized dividend and a yield of 29.56%. The ex-dividend date is Thursday, September 29th. Highway's dividend payout ratio is currently 141.68%.