Highway (NASDAQ:HIHO) Upgraded at ValuEngine

ValuEngine upgraded shares of Highway (NASDAQ:HIHO) from a sell rating to a hold rating in a report published on Tuesday, ValuEngine reports.

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.

Highway (NASDAQ:HIHO) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported ($0.03) earnings per share for the quarter. The business had revenue of $2.85 million during the quarter. Highway had a negative return on equity of 7.93% and a negative net margin of 6.23%.

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.

About Highway

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)

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

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