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

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

Haynes International Price Performance

Shares of NASDAQ HAYN opened at $60.99 on Thursday. 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 one year low of $47.69 and a one year high of $61.01. The firm has a market capitalization of $779.45 million, a P/E ratio of 20.96, a PEG ratio of 0.85 and a beta of 1.39. The company’s fifty day moving average is $60.54 and its two-hundred day moving average is $59.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HAYN. BNP Paribas Financial Markets lifted its position in shares of 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 valued at $165,000 after acquiring an additional 220 shares during the period. Cornercap Investment Counsel Inc. purchased a new position in Haynes International in the 2nd quarter valued at approximately $526,000. SG Americas Securities LLC increased its stake in Haynes International by 1,035.8% in the 2nd quarter. SG Americas Securities LLC now owns 21,501 shares of the basic materials company’s stock valued at $1,262,000 after purchasing an additional 19,608 shares in the last quarter. Anson Funds Management LP acquired a new position in Haynes International during the third quarter worth $1,445,000. Finally, Nisa Investment Advisors LLC boosted its position in Haynes International by 71,414.3% during the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock worth $1,469,000 after purchasing an additional 24,995 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.