Haynes International (NASDAQ:HAYN) Earns Hold Rating from Analysts at StockNews.com

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

Haynes International Stock Up 0.0 %

Shares of HAYN opened at $60.99 on Friday. Haynes International has a 52 week low of $47.69 and a 52 week high of $61.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.89 and a current ratio of 7.74. The firm has a market capitalization 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. The company has a 50-day simple moving average of $60.78 and a 200-day simple moving average of $59.85.

Institutional Investors Weigh In On Haynes International

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Haynes International by 2.0% during the third quarter. Geode Capital Management LLC now owns 298,479 shares of the basic materials company’s stock worth $17,774,000 after purchasing an additional 5,767 shares during the period. Anson Funds Management LP acquired a new stake in Haynes International in the 3rd quarter valued at $1,445,000. BNP Paribas Financial Markets raised its stake in 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 acquiring an additional 220 shares in 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 valued at $10,529,000 after purchasing an additional 40,904 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in shares of Haynes International in the 2nd quarter worth about $526,000. 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.