Highway Holdings Ltd. [NASDAQ: HIHO] stock went on an upward path that rose over 29.59% on Tuesday, amounting to a one-week price increase of more than 30.26%.
Over the last 12 months, HIHO stock rose by 28.28%.
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The market cap for the stock reached $11.18 million, with 4.40 million shares outstanding and 2.65 million shares in the current float. Compared to the average trading volume of 7.83K shares, HIHO stock reached a trading volume of 6038663 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Highway Holdings Ltd. [HIHO]:
The Average True Range (ATR) for Highway Holdings Ltd. is set at 0.13, with the Price to Sales ratio for HIHO stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 1.65, with the Price to Cash per share for the same quarter was set at 1.27.
HIHO Stock Performance Analysis:
Highway Holdings Ltd. [HIHO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 30.26. With this latest performance, HIHO shares gained by 34.39% in over the last four-week period, additionally plugging by 18.14% over the last 6 months – not to mention a rise of 28.28% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HIHO stock in for the last two-week period is set at 85.93, with the RSI for the last a single of trading hit 90.62, and the three-weeks RSI is set at 81.21 for Highway Holdings Ltd. [HIHO]. The present Moving Average for the last 50 days of trading for this stock 1.8800, while it was recorded at 2.0600 for the last single week of trading, and 2.0100 for the last 200 days.
Insight into Highway Holdings Ltd. Fundamentals:
Highway Holdings Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.08 and a Current Ratio set at 2.56.
Highway Holdings Ltd. [HIHO] Institutonal Ownership Details
There are presently around $4.63%, or 7.69%% of HIHO stock, in the hands of institutional investors. The top three institutional holders of HIHO stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 0.19 million shares, which is approximately 4.2457%. SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 14487.0 shares of the stock with an approximate value of $$29843.0 in HIHO stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $$5208.0 in HIHO stock with ownership which is approximately 0.0574%.
