Highway Holdings Limited (HIHO) Posts Earnings Results
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 quarter in the prior year, the business posted ($0.03) earnings per share.
Shares of Highway Holdings Limited (NASDAQ:HIHO) opened at $3.51 on Tuesday. Highway Holdings Limited has a 12-month low of $3.10 and a 12-month high of $4.35. The firm has a market cap of $13.45, a price-to-earnings ratio of 22.11 and a beta of 0.16.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 6.84%. Highway Holdings Limited’s dividend payout ratio (DPR) is 150.01%.
About Highway Holdings Limited
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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