Revenue Update on Highway Holdings Limited(NASDAQ:HIHO)

Highway Holdings Limited(NASDAQ:HIHO) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.07.

Highway Holdings Limited (HIHO) made into the market gainers list on Wednesdays trading session with the shares advancing 1.35% or 0.05 points. Due to strong positive momentum, the stock ended at $3.75, which is also near the day’s high of $3.75. The stock began the session at $3.6 and the volume stood at 9,127 shares. The 52-week high of the shares is $4.86 and the 52 week low is $3.1. The company has a current market capitalization of $14 M and it has 38,01,874 shares in outstanding.

Highway Holdings Limited is a holding company. The Company and its subsidiaries are engaged in manufacturing and sale of metal plastic electric and electronic components subassemblies and finished products for original equipment manufacturing (OEMs) and contract manufacturers. The Company operates in two segments: Metal stamping and mechanical OEM segment which focuses on the manufacture and sale of metal parts and components and Electric OEM segment which focuses on the manufacture and sale of plastic and electronic parts and components. The Company’s parts and components are used by its customers in the manufacturing of products such as photocopiers laser printers compact disc players laser disc players computer equipment electrical components electrical connectors cameras automobile accessories vacuum cleaners light fixtures electro motors air pumps automobiles and dishwasher and other washing machine components.

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