Highway (NASDAQ:HIHO) Share Price Crosses Above 200 Day Moving Average of $2.03

Highway Holdings Limited (NASDAQ:HIHOGet Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.03 and traded as high as $2.10. Highway shares last traded at $2.10, with a volume of 466 shares changing hands.

Highway Price Performance

The firm’s fifty day simple moving average is $2.02 and its two-hundred day simple moving average is $2.03.

Highway Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, December 23rd. Shareholders of record on Thursday, November 30th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.20 annualized dividend and a yield of 9.90%. Highway’s payout ratio is -83.33%.

Highway Company Profile

(Get Free Report)

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.

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