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

StockNews.com initiated coverage on shares of Haynes International (NASDAQ:HAYN) in a research report sent to investors on Saturday. The firm issued a hold rating on the basic materials company’s stock.

Haynes International Price Performance

Shares of HAYN opened at $60.99 on Friday. The firm has a fifty day simple moving average of $60.78 and a two-hundred day simple moving average of $59.84. The firm has a market cap of $779.45 million, a PE ratio of 20.96, a P/E/G ratio of 0.85 and a beta of 1.39. 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 1-year low of $47.69 and a 1-year high of $61.01.

Institutional Investors Weigh In On Haynes International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gabelli Funds LLC increased 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 worth $10,529,000 after purchasing an additional 40,904 shares in the last quarter. Anson Funds Management LP bought a new stake in Haynes International during the third quarter valued at about $1,445,000. Cornercap Investment Counsel Inc. purchased a new stake in Haynes International in the second quarter worth about $526,000. Geode Capital Management LLC increased its position in 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 worth $17,774,000 after buying an additional 5,767 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Haynes International by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 160,923 shares of the basic materials company’s stock worth $9,446,000 after buying an additional 4,153 shares during the period. 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.