Investment analysts at StockNews.com initiated coverage on shares of Haynes International (NASDAQ:HAYN – Get Free Report) in a report issued on Monday. The brokerage set a “hold” rating on the basic materials company’s stock.
Haynes International Stock Performance
NASDAQ HAYN opened at $60.14 on Monday. The business’s 50 day moving average price is $59.44 and its 200-day moving average price is $59.51. Haynes International has a fifty-two week low of $41.15 and a fifty-two week high of $60.86. The company has a market cap of $768.59 million, a P/E ratio of 20.32, a P/E/G ratio of 1.13 and a beta of 1.40. 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 (NASDAQ:HAYN – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.33). Haynes International had a net margin of 6.11% and a return on equity of 8.45%. The firm had revenue of $153.92 million for the quarter, compared to the consensus estimate of $159.35 million. Sell-side analysts predict that Haynes International will post 2.55 earnings per share for the current year.
Institutional Inflows and Outflows
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.
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