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Highway Holdings ( (HIHO) ) has issued an update.
Highway Holdings Limited reported a 21% increase in revenue for the first nine months of fiscal year 2025, ending December 31, 2024, with a notable rise in diluted earnings per share. Despite a 13.5% fall in third-quarter revenue, the company remains optimistic about long-term growth through strategic ventures and diversification. Challenges persist due to the uncertain macro environment, including geopolitical tensions and potential policy shifts. However, Highway Holdings is leveraging its strengths and exploring new business lines to reduce dependence on customer health and enhance shareholder value.
More about Highway Holdings
Highway Holdings is an international manufacturer of quality parts and products for blue-chip equipment manufacturers, primarily based in Germany. The company has administrative offices in Hong Kong with manufacturing facilities in Yangon, Myanmar and Shenzhen, China.
YTD Price Performance: -4.23%
Average Trading Volume: 37,689
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.48M
For a thorough assessment of HIHO stock, go to TipRanks’ Stock Analysis page.
