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

Stock analysts at StockNews.com initiated coverage on shares of Haynes International (NASDAQ:HAYN) in a report issued on Friday. The firm set a “hold” rating on the basic materials company’s stock.

Haynes International Stock Performance

Shares of HAYN opened at $60.99 on Friday. The stock 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 debt-to-equity ratio of 0.22, a quick ratio of 1.89 and a current ratio of 7.74. Haynes International has a 1 year low of $47.69 and a 1 year high of $61.01. The company’s fifty day moving average is $60.64 and its two-hundred day moving average is $59.75.

Institutional Investors Weigh In On Haynes International

A number of hedge funds have recently added to or reduced their stakes in HAYN. BNP Paribas Financial Markets increased its position in 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 worth $165,000 after purchasing an additional 220 shares during the period. Cornercap Investment Counsel Inc. purchased a new stake in shares of Haynes International in the second quarter valued at approximately $526,000. Anson Funds Management LP acquired a new position in Haynes International during the third quarter worth $1,445,000. Nisa Investment Advisors LLC raised its position in Haynes International by 71,414.3% in the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock worth $1,469,000 after acquiring an additional 24,995 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Haynes International by 3.2% in the second quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock valued at $2,347,000 after acquiring an additional 1,245 shares during the period. Institutional investors and hedge funds 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.