Haynes International (NASDAQ:HAYN) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Haynes International (NASDAQ:HAYN) in a research report released on Wednesday. The brokerage issued a hold rating on the basic materials company’s stock.

Haynes International Stock Performance

Shares of Haynes International stock opened at $60.99 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 7.74 and a debt-to-equity ratio of 0.22. Haynes International has a twelve month low of $47.69 and a twelve month high of $61.01. The stock has a market cap of $779.45 million, a price-to-earnings ratio of 20.96, a P/E/G ratio of 0.85 and a beta of 1.39. The company’s fifty day moving average is $60.28 and its 200 day moving average is $59.58.

Institutional Trading of Haynes International

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its stake in shares of Haynes International by 1,035.8% in the second quarter. SG Americas Securities LLC now owns 21,501 shares of the basic materials company’s stock worth $1,262,000 after purchasing an additional 19,608 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in Haynes International during the second quarter valued at $526,000. Nisa Investment Advisors LLC boosted its position in Haynes International by 71,414.3% during the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock valued at $1,469,000 after acquiring an additional 24,995 shares during the last quarter. Gabelli Funds LLC boosted its position in Haynes International by 29.5% during the second quarter. Gabelli Funds LLC now owns 179,371 shares of the basic materials company’s stock valued at $10,529,000 after acquiring an additional 40,904 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Haynes International by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 160,923 shares of the basic materials company’s stock valued at $9,446,000 after acquiring an additional 4,153 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

About Haynes International

Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.