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

Equities researchers at StockNews.com started coverage on shares of Haynes International (NASDAQ:HAYN) in a research report issued on Saturday. The brokerage set a “hold” rating on the basic materials company’s stock.

Haynes International Price Performance

HAYN opened at $60.99 on Friday. The stock has a market cap of $779.45 million, a P/E ratio of 20.96, a P/E/G ratio of 0.85 and a beta of 1.39. Haynes International has a 12 month low of $47.69 and a 12 month high of $61.01. The company has a quick ratio of 1.89, a current ratio of 7.74 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $60.78 and a 200 day simple moving average of $59.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Haynes International by 8.6% in the third quarter. BNP Paribas Financial Markets now owns 2,775 shares of the basic materials company’s stock worth $165,000 after purchasing an additional 220 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in Haynes International in the 2nd quarter valued at $526,000. Anson Funds Management LP bought a new stake in Haynes International during the 3rd quarter worth about $1,445,000. Rhumbline Advisers boosted its stake in shares of Haynes International by 3.2% during the 2nd quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock worth $2,347,000 after buying an additional 1,245 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Haynes International by 2.6% in the 2nd 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 in the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

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.