TheStreet lowered shares of Highway (NASDAQ:HIHO) from a c rating to a d+ rating in a research note published on Friday, TheStreetRatingsTable reports.
HIHO stock opened at $2.19 on Friday. The stock’s 50-day moving average price is $2.66. Highway has a fifty-two week low of $2.16 and a fifty-two week high of $4.70.
Highway (NASDAQ:HIHO) last posted its quarterly earnings data on Tuesday, July 2nd. The industrial products company reported ($0.05) earnings per share for the quarter. The firm had revenue of $3.78 million for the quarter. Highway had a negative return on equity of 5.89% and a negative net margin of 4.42%.
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 in two segments, Metal Stamping and Mechanical OEM, and Electric OEM.
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