Highway (HIHO) Earns Coverage Optimism Rating of 0.02
Media coverage about Highway (NASDAQ:HIHO) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Highway earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 48.1267609087726 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Separately, TheStreet lowered Highway from a “b-” rating to a “c+” rating in a report on Friday, August 25th.
Shares of Highway (NASDAQ HIHO) opened at $4.00 on Wednesday. The company has a market capitalization of $15.21, a price-to-earnings ratio of 16.00 and a beta of 0.21. Highway has a fifty-two week low of $3.10 and a fifty-two week high of $4.35.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 6.00%. The ex-dividend date of this dividend is Thursday, December 7th. Highway’s payout ratio is currently 96.00%.
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Highway Company Profile
Highway Holdings Limited is a holding company. The Company manufactures and supplies various metal, plastic and electric parts, components and products to its original equipment manufacturing (OEM) clients, which are used by the Company’s customers in the manufacturing of products, such as photocopiers, laser printers, compact disc players, laser disc players, computer equipment, electrical components, electrical connectors, vacuum cleaners, light fixtures, electro motors, pumps, automobiles and dishwasher, and other washing machine components.
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