October 10, 2006
SpeculatingStocks.com Stock Pick: Highway Holdings, Ltd. (HIHO)
Stock Price: $3.68 (short-term strong buy)
Highway Holdings, Ltd. produces a wide variety of high-quality products for blue chip original equipment manufacturers -- from simple parts and components to sub-assemblies. The company also manufactures finished products, such as LED Lights, radio chimes and other electronic product.
HIHO reported net income for the first quarter of $570,000 with net sales of $7.3 million. There is currently $6.6 million in cash and cash equivalents on the balance sheet.
HIHO has only 2.05 million shares in its float while it is trading just above its book value of $3.63.
HIHO is breaking out of its range which it has been stuck in since mid-August. HIHO has made strong moves three times in the last nine months and another is in the making.
SpeculatingStocks.com Target Price: We expect HIHO to reach $4.50 within the next 15 - 30 days.