Highway Holdings Limited (NASDAQ:HIHO) Getting Somewhat Favorable Press Coverage, Study Finds
News headlines about Highway Holdings Limited (NASDAQ:HIHO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Highway Holdings Limited earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 47.4972143614483 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Separately, TheStreet lowered shares of Highway Holdings Limited from a “b-” rating to a “c” rating in a report on Friday, June 30th.
Highway Holdings Limited (NASDAQ HIHO) opened at 3.6324 on Wednesday. Highway Holdings Limited has a 12-month low of $3.10 and a 12-month high of $4.77. The firm has a market cap of $13.81 million, a price-to-earnings ratio of 23.8974 and a beta of 0.20. The company has a 50-day moving average of $3.75 and a 200 day moving average of $3.74.
Highway Holdings Limited (NASDAQ:HIHO) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.06 EPS for the quarter. Highway Holdings Limited had a net margin of 2.94% and a return on equity of 5.10%. The firm had revenue of $5.31 million during the quarter.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, July 28th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 11.01%. This is a boost from Highway Holdings Limited’s previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, July 26th. Highway Holdings Limited’s dividend payout ratio (DPR) is currently 250.02%.
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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