Highway (HIHO) Posts Earnings Results
Highway (NASDAQ:HIHO) posted its quarterly earnings data on Monday. The industrial products company reported $0.20 earnings per share for the quarter, RTT News reports. The firm had revenue of $4.18 million during the quarter. Highway had a net margin of 5.21% and a return on equity of 9.04%. During the same period in the previous year, the business posted $0.06 EPS.
Shares of Highway opened at $5.00 on Tuesday, MarketBeat reports. Highway has a 52 week low of $3.30 and a 52 week high of $6.55. The company has a market capitalization of $18.34 million, a price-to-earnings ratio of 17.23 and a beta of 0.19.
Separately, ValuEngine cut shares of Highway from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd.
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.
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