TheStreet downgraded shares of Highway (NASDAQ:HIHO) from a c rating to a d+ rating in a research note released on Friday morning, TheStreetRatingsTable reports.
NASDAQ HIHO opened at $2.19 on Friday. The company’s 50-day simple moving average is $2.66. Highway has a 12-month low of $2.16 and a 12-month high of $4.70.
Highway (NASDAQ:HIHO) last posted its quarterly earnings results on Tuesday, July 2nd. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter. Highway had a negative net margin of 4.42% and a negative return on equity of 5.89%. The business had revenue of $3.78 million for the quarter.
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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