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Highway Holdings Ltd. - HIHO STOCK NEWS

Welcome to our dedicated news page for Highway Holdings Ltd. (Ticker: HIHO), a resource for investors and traders seeking the latest updates and insights on Highway Holdings Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Highway Holdings Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Highway Holdings Ltd.'s position in the market.

Rhea-AI Summary
Highway Holdings Limited (HIHO) reported a 60% increase in revenue and a $0.06 increase in diluted earnings per share for the fiscal third quarter of 2024 compared to the year ago period. Net sales for the third quarter increased to $4.1 million, and net income increased to $302,000. However, net sales for the first nine months of fiscal year 2024 decreased to $6.8 million, with net income at $177,000, significantly impacted by the COVID boom and post-COVID bust cycle on Highway Holdings' customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.08%
Tags
earnings
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Rhea-AI Summary
Highway Holdings Limited (Nasdaq: HIHO) has signed a non-binding letter of intent to acquire a majority stake in Synova Metall- und Kunststofftechnik GmbH, an original equipment manufacturer for electrotechnical and electromechanical components based in Germany. The acquisition will be completed in the first quarter of 2024, subject to due diligence and other customary conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
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acquisition
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Rhea-AI Summary
Highway Holdings Limited (Nasdaq: HIHO) announced a cash dividend of $0.05 per common share, to be paid on December 23, 2023. The dividend is for shareholders of record on November 30, 2023. Roland Kohl, chairman, president, and CEO, expressed confidence in the company's financial strength despite recent challenges.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
dividends
Rhea-AI Summary
Highway Holdings Limited reports Q2 FY2024 results, reflecting negative impact of post-COVID boom and bust cycle on customer demand. Net sales for Q2 FY2024 were $1.3 million, compared to $3.0 million in the year ago period. Net income for Q2 FY2024 decreased to $213,000, compared to $396,000 in the year ago period. Net sales for first half of FY2024 were $2.7 million, compared to $6 million in the year ago period. Net loss for first half of FY2024 was $125,000, compared to net income of $783,000 in the year ago period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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Rhea-AI Summary
Highway Holdings Limited reports financial results for Q1 FY2024 with a significant decline in net sales and a net loss compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
earnings
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Rhea-AI Summary
Highway Holdings Limited will resume manufacturing for Playmaji, Inc., the company behind Polymega game consoles. Complications from the COVID-19 pandemic caused production issues in FY2020-2022, but with the issues resolved and a recent partnership with Atari, full production is expected to resume in Q2/Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.57%
Tags
earnings
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.33%
Tags
dividends
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.08%
Tags
earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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none
Highway Holdings Ltd.

Nasdaq:HIHO

HIHO Rankings

HIHO Stock Data

9.28M
2.61M
39.67%
4.75%
0.17%
All Other Miscellaneous Electrical Equipment and Component Manufacturing
Manufacturing
Link
Hong Kong
Sheung Shui

About HIHO

highway holdings limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (oems) and contract manufacturers. it operates through two segments, metal stamping and mechanical oem; and electric oem. the company also trades in plastic injection products; and manufactures and assembles automation equipment. its products are used in the manufacture of products, such as photocopiers, laser printers, print cartridges, electrical connectors, electrical circuits, vacuum cleaners, led power supplies, stepping motors, pumps for dishwashers, and other washing machine components. in addition, the company assists customers in the design and development of the tooling used in the metal and plastic manufacturing process, as well as provides an array of other manufacturing and engineering services. it serves customers in hong kong and china, europe, north america, and