Haynes International (HAYN) Sets New 12-Month Low at $30.02

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Haynes International, Inc. (NASDAQ:HAYN) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $30.02 and last traded at $30.08, with a volume of 2210 shares changing hands. The stock had previously closed at $31.16.

HAYN has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Saturday, June 23rd. ValuEngine downgraded shares of Haynes International from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Finally, Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Haynes International has an average rating of “Hold” and an average target price of $44.00.

The company has a current ratio of 5.89, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03. The stock has a market cap of $409.05 million, a PE ratio of -39.60 and a beta of 1.45.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings data on Thursday, August 2nd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.17). The company had revenue of $113.11 million for the quarter, compared to analysts’ expectations of $113.57 million. Haynes International had a negative net margin of 6.66% and a negative return on equity of 2.54%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.32) earnings per share. Analysts anticipate that Haynes International, Inc. will post -0.07 EPS for the current year.

A number of institutional investors have recently modified their holdings of HAYN. Global X Management Co LLC boosted its holdings in shares of Haynes International by 19.1% during the 2nd quarter. Global X Management Co LLC now owns 9,437 shares of the basic materials company’s stock valued at $347,000 after buying an additional 1,511 shares in the last quarter. Barclays PLC boosted its holdings in shares of Haynes International by 76.7% during the 1st quarter. Barclays PLC now owns 3,860 shares of the basic materials company’s stock valued at $144,000 after buying an additional 1,676 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Haynes International by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 95,965 shares of the basic materials company’s stock valued at $3,561,000 after buying an additional 2,357 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Haynes International during the 2nd quarter valued at $107,000. Finally, Northern Trust Corp boosted its holdings in shares of Haynes International by 2.3% during the 2nd quarter. Northern Trust Corp now owns 164,485 shares of the basic materials company’s stock valued at $6,044,000 after buying an additional 3,760 shares in the last quarter.

Haynes International Company Profile (NASDAQ:HAYN)

Haynes International, Inc engages in the development, manufacture, and marketing of nickel-and cobalt-based alloys used in corrosion and high-temperature applications. It supports a range of industries such as aerospace, chemical processing, and industrial gas turbine. The company was founded by Elwood P.

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