Highway Holdings is a holding company. Through its subsidiaries, Co. manufactures and supplies a variety of metal, plastic and electric parts, components and products which are used by Co.'s customers in the manufacturing of products such as photocopiers, laser printers, print cartridges, electrical connectors, electrical circuits, vacuum cleaners, LED power supplies, stepping motors, pumps for dishwashers, and other washing machine components. As part of its manufacturing operations, Co. assists customers in the design and development of the tooling used in the metal and plastic manufacturing process and provides a range of other manufacturing and engineering services. We show 12 historical shares outstanding datapoints in our HIHO shares outstanding history coverage, used to compute HIHO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HIHO market cap history over the course of time is important for investors
interested in comparing HIHO's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HIHO versus a peer is one thing; comparing
HIHO market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HIHO can fluctuate over the course of history.
With this page we aim to empower investors researching HIHO by allowing them to research the HIHO market cap history. |
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Video: The Importance of Market Cap
