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Highway Holdings Limited (HIHO) share price soared 19.73% with the closing price of $4.43 on Friday. Highway Holdings Limited stock has an exchanging volume of 0.86 million shares, which is high, contrasted with its 3-months average volume of 361.10K shares. Its market capitalization has now reached to $16.83M.
Highway Holdings Announces Manufacturing Order for Video Gaming Consoles on October 15, 2020 news published at Yahoo.
Highway Holdings Limited (HIHO) reported that the company has received an initial manufacturing order valued at approximately $1.5 million from Playmaji, a California-based company, for an innovative gaming console designed to play new and legacy video games with premium quality and patent-protected modular gaming technology.
The order is the first order received under an exclusive two-year contract to manufacture Playmaji’s new Polymega game consoles and accessories. The exclusive manufacturing agreement, if fully utilized during the two-year period, represents a value of not less than $8.8 million.
Kohl noted that the manufacturing contract was the result of a cooperative spirit over a considerable time period, and an extensive prototype development program.
As part of the exclusivity agreement, Highway Holdings was granted a two-year option to purchase up to 10% of the equity of Playmaji.
Playmaji is a California-based specialty developer, producer, and manufacturer of next-generation video game related products for new and legacy game consoles.
HIHO Past Trading Activity
The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, HIHO price has rose by 16.89%. In the course of past three months sees the stock go up around 66.71%, while it has gain 121.50% over the past six months and 173.46% since the start of the year.
HIHO Earning History
Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter, the firm recorded a revenue of 2.06 billion.
HIHO Price Performance
Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Highway Holdings Limited has seen its stock exchanging -10.51% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +83.82% above its three-month low. A more extensive look sees HIHO exchanging -10.51% beneath its 52-week high and 185.81% above from its 52-week low price.
HIHO Instability & Beta Factor
The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 13.79%, while it has a month to month instability of 10.54%. The company has an ATR (Average True Range) of 0.34 and a beta factor of 0.68.