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

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

Haynes International Stock Performance

Shares of HAYN stock opened at $60.99 on Friday. The company has a current ratio of 7.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22. Haynes International has a 12-month low of $47.69 and a 12-month high of $61.01. The business’s 50 day moving average is $60.64 and its two-hundred day moving average is $59.75. The company 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.

Institutional Investors Weigh In On Haynes International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of 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 valued at $17,774,000 after purchasing an additional 5,767 shares during the period. Anson Funds Management LP purchased a new position in Haynes International in the 3rd quarter valued at about $1,445,000. BNP Paribas Financial Markets boosted its holdings in Haynes International by 8.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,775 shares of the basic materials company’s stock worth $165,000 after buying an additional 220 shares during the last quarter. Gabelli Funds LLC increased its stake in Haynes International by 29.5% during 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 in the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new position in shares of 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.

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.