Highway Holdings Limited (NASDAQ:HIHO) released its quarterly earnings data on Monday. The industrial products company reported $0.06 EPS for the quarter, RTT News reports. Highway Holdings Limited had a return on equity of 5.10% and a net margin of 2.94%. During the same period in the prior year, the company earned ($0.03) EPS.
Shares of Highway Holdings Limited (NASDAQ:HIHO) traded down $0.03 during trading hours on Tuesday, hitting $3.51. 7,500 shares of the company were exchanged, compared to its average volume of 10,143. Highway Holdings Limited has a 1 year low of $3.10 and a 1 year high of $4.35. The company has a market cap of $13.45, a P/E ratio of 22.11 and a beta of 0.16.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 6.84%. Highway Holdings Limited’s dividend payout ratio (DPR) is presently 150.01%.
Separately, TheStreet lowered Highway Holdings Limited from a “b-” rating to a “c+” rating in a research note on Friday, August 25th.
Highway Holdings Limited Company Profile
Highway Holdings Limited is a holding company. The Company manufactures and supplies various metal, plastic and electric parts, components and products to its original equipment manufacturing (OEM) clients, which are used by the Company’s customers in the manufacturing of products, such as photocopiers, laser printers, compact disc players, laser disc players, computer equipment, electrical components, electrical connectors, vacuum cleaners, light fixtures, electro motors, pumps, automobiles and dishwasher, and other washing machine components.
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