Highway (NASDAQ:HIHO – Get Free Report) posted its quarterly earnings results on Tuesday. The industrial products company reported ($0.24) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.93 million for the quarter. Highway had a negative net margin of 13.84% and a negative return on equity of 12.30%.
Highway Stock Down 0.8%
Shares of NASDAQ HIHO opened at $0.84 on Wednesday. The firm’s 50-day moving average price is $0.79 and its 200-day moving average price is $0.91. The company has a market cap of $3.88 million, a PE ratio of -5.27 and a beta of 0.49. Highway has a 52-week low of $0.60 and a 52-week high of $2.21.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Highway stock. Jane Street Group LLC bought a new position in Highway Holdings Limited (NASDAQ:HIHO – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,122 shares of the industrial products company’s stock, valued at approximately $38,000. Jane Street Group LLC owned about 0.52% of Highway at the end of the most recent quarter. Institutional investors and hedge funds own 13.19% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on Highway
About Highway
Highway 33 Acquisition Corp. (NASDAQ: HIHO) is a special purpose acquisition company formed to raise capital through an initial public offering for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase or similar business combination with one or more businesses. As a blank‐check vehicle, the company does not have commercial operations of its own but instead seeks to partner with an established private company to bring it public through a business combination.
Since completing its initial public offering in 2021, the company has focused on identifying target businesses in growth‐oriented industries, including technology, consumer products and specialty manufacturing.
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