Highway Holdings (HIHO) has released an update.
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Highway Holdings Limited has announced a milestone receipt of an initial 100,000-unit order for their new brushless electric motor, designed specifically for a major strategic customer, marking a significant expansion of their product line. Alongside this, the company has declared a modest $0.02 per share cash dividend, demonstrating confidence in their financial stability and future growth despite not reaching pre-COVID business levels.
For further insights into HIHO stock, check out TipRanks’ Stock Analysis page.