Highway Hlds Ltd (HIHO) said before open Monday that it earned $0.09 per share in quarter one 2023. The company reported $2.9 million in revenue In the same quarter a year ago, the company earned $0.08 per share on revenue of $3 million. The stock is down 1.33% to $1.85 after the report. The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall. InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading. Highway Hlds Ltd has performed a little below average during the past few months. Before the report, Highway Hlds Ltd received a Long-Term Technical Rank by InvestorsObserver of 30, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $1.76 on July 20, 2022 and set a 52-week high on August 23, 2021 at $5.02. Highway Holdings Ltd is a holding company. The company is a manufacturer of metal, plastic, electric and electronic components for original equipment manufacturers (OEM) and contract manufacturers. Its operating segment includes Metal stamping and mechanical OEM and Electric OEM. Metal stamping segment focuses on manufacturing and sale of metal parts and components. The company generates maximum revenue from the Metal stamping and mechanical OEM segment. Geographically, it derives a majority of revenue from Europe and also has a presence in Hong Kong and China, North America, and Other Asian countries.
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
Stock Price data may be delayed up to 15 minutes.
Copyright © 2022. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. All Rights Reserved. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. Portfolio results are unaudited and based on varying investment expiration dates. Terms of Service | Privacy Policy