Haynes International (NASDAQ:HAYN) Coverage Initiated by Analysts at StockNews.com

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

Haynes International Trading Up 0.0 %

HAYN stock opened at $60.99 on Friday. 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 market cap of $779.45 million, a price-to-earnings ratio of 20.96, a PEG ratio of 0.85 and a beta of 1.39. The business has a fifty day simple moving average of $60.66 and a 200-day simple moving average of $59.77. Haynes International has a 52 week low of $47.69 and a 52 week high of $61.01.

Institutional Trading of Haynes International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cornercap Investment Counsel Inc. purchased a new stake in Haynes International during the second quarter worth approximately $526,000. Nisa Investment Advisors LLC increased its holdings in Haynes International by 71,414.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock valued at $1,469,000 after purchasing an additional 24,995 shares in the last quarter. Gabelli Funds LLC raised its position in Haynes International by 29.5% in the second quarter. Gabelli Funds LLC now owns 179,371 shares of the basic materials company’s stock valued at $10,529,000 after purchasing an additional 40,904 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Haynes International by 8.6% during 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. Finally, Bank of New York Mellon Corp boosted its position in shares of Haynes International by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 160,923 shares of the basic materials company’s stock worth $9,446,000 after buying an additional 4,153 shares during the period. Institutional investors and hedge funds 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.