ValuEngine upgraded shares of Highway (NASDAQ:HIHO) from a hold rating to a buy rating in a report released on Wednesday.

NASDAQ:HIHO opened at $6.08 on Wednesday. The firm has a market capitalization of $22.81, a price-to-earnings ratio of 21.43 and a beta of 0.25. Highway has a 1 year low of $3.10 and a 1 year high of $6.55.

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Highway (NASDAQ:HIHO) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $5.03 million during the quarter. Highway had a return on equity of 9.04% and a net margin of 5.21%. During the same quarter in the previous year, the company posted $0.07 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 28th will be given a $0.10 dividend. This is a boost from Highway’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, March 27th. This represents a $0.40 annualized dividend and a yield of 6.58%.

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Highway Company Profile

Highway Holdings Limited, through its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEM) and contract manufacturers. The company operates through two segments, Metal Stamping and Mechanical OEM, and Electric OEM.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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