Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Haynes International from a hold rating to a sell rating in a research report on Wednesday, February 6th. ValuEngine cut Haynes International from a hold rating to a sell rating in a research report on Tuesday, March 12th.
Haynes International stock traded down $0.12 during trading hours on Friday, reaching $33.81. 26,308 shares of the company were exchanged, compared to its average volume of 54,179. Haynes International has a 12 month low of $24.46 and a 12 month high of $44.10. The company has a quick ratio of 1.35, a current ratio of 5.98 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $424.80 million, a P/E ratio of -483.00 and a beta of 1.79.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC acquired a new position in shares of Haynes International in the fourth quarter valued at $29,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of Haynes International in the fourth quarter valued at $93,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Haynes International by 351.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,966 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 3,088 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new position in shares of Haynes International in the fourth quarter valued at $126,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Haynes International in the third quarter valued at $235,000. Institutional investors and hedge funds own 99.22% 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, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment.
Featured Article: What is Green Investing?
Receive News & Ratings for Haynes International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haynes International and related companies with MarketBeat.com's FREE daily email newsletter.