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

StockNews.com began coverage on shares of Haynes International (NASDAQ:HAYN) in a research report sent to investors on Friday. The firm issued a hold rating on the basic materials company’s stock.

Haynes International Trading Up 0.0 %

Shares of Haynes International stock opened at $60.99 on Friday. The company has a 50 day simple moving average of $60.66 and a two-hundred day simple moving average of $59.77. The firm has a market cap of $779.45 million, a PE ratio of 20.96, a PEG ratio of 0.85 and a beta of 1.39. Haynes International has a 1 year low of $47.69 and a 1 year high of $61.01. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.74 and a quick ratio of 1.89.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Haynes International by 2.0% in the third quarter. Geode Capital Management LLC now owns 298,479 shares of the basic materials company’s stock worth $17,774,000 after buying an additional 5,767 shares during the period. Anson Funds Management LP bought a new position in shares of Haynes International during the third quarter valued at $1,445,000. BNP Paribas Financial Markets boosted its holdings in shares of Haynes International by 8.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,775 shares of the basic materials company’s stock valued at $165,000 after acquiring an additional 220 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Haynes International by 29.5% in the 2nd quarter. Gabelli Funds LLC now owns 179,371 shares of the basic materials company’s stock worth $10,529,000 after buying an additional 40,904 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in Haynes International during the second quarter valued at approximately $526,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Haynes International Company Profile

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.