Separately, TheStreet cut Highway from a c rating to a d+ rating in a report on Friday, July 19th.
NASDAQ HIHO traded up $0.01 during trading hours on Tuesday, reaching $1.69. The company’s stock had a trading volume of 300 shares, compared to its average volume of 14,663. Highway has a 1-year low of $1.62 and a 1-year high of $4.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.02 and a current ratio of 2.42. The company’s 50-day moving average is $1.84 and its two-hundred day moving average is $2.68.
In other news, CEO James M. Harrison bought 125,000 shares of Highway stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $4.53 per share, with a total value of $566,250.00. Insiders have acquired 156,448 shares of company stock valued at $628,843 in the last three months.
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.
Further Reading: Stochastic Momentum Index (SMI)
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