Highway (NASDAQ:HIHO) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

by · The Markets Daily

Shares of Highway Holdings Limited (NASDAQ:HIHO – Get Free Report) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $0.88 and traded as high as $0.9250. Highway shares last traded at $0.8994, with a volume of 34,638 shares traded.

Highway Stock Up 2.8%

The company’s fifty day moving average is $0.86 and its 200 day moving average is $0.88. The company has a current ratio of 2.42, a quick ratio of 1.84 and a debt-to-equity ratio of 0.07.

About Highway

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Highway Holdings Limited (NASDAQ: HIHO) is a manufacturer of precision metal and plastic components and assemblies for original equipment manufacturers (OEMs). Its products include stamped and formed metal parts, wire products, springs, plastic-injection-molded components, cables, and related assemblies.

The company serves customers in industries such as automotive, electronics, electrical equipment, industrial products, telecommunications, and medical equipment. Its manufacturing activities have been conducted primarily in Asia, including facilities in China and Myanmar, while its customer base has included companies in Europe, North America, and Asia.

Highway Holdings was established in 1990 and is headquartered in Hong Kong.

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