The stock of Haynes International, Inc. (NASDAQ:HAYN) is a huge mover today! About 90,079 shares traded hands or 28.45% up from the average. Haynes International, Inc. (NASDAQ:HAYN) has risen 13.14% since April 14, 2016 and is uptrending. It has outperformed by 8.46% the S&P500.
The move comes after 8 months negative chart setup for the $482.66 million company. It was reported on Nov, 16 by Barchart.com. We have $32.86 PT which if reached, will make NASDAQ:HAYN worth $67.57 million less.
Analysts await Haynes International, Inc. (NASDAQ:HAYN) to report earnings on November, 17.
Haynes International, Inc. (NASDAQ:HAYN) Ratings Coverage
Out of 2 analysts covering Haynes International (NASDAQ:HAYN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Haynes International has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, August 29 by Rosenblatt. Zacks downgraded Haynes International, Inc. (NASDAQ:HAYN) on Wednesday, August 12 to “Hold” rating. As per Tuesday, September 29, the company rating was initiated by Singular Research. The firm has “Hold” rating given on Friday, August 14 by Zacks.
According to Zacks Investment Research, “Haynes International, Inc. is a technology-oriented company devoted primarily to the development and manufacture of high-performance nickel- and cobalt-based alloys for service in severe corrosion and high-temperature applications. Superior customer service and technical support are provided worldwide by well-trained professionals within the company. Haynes’ service centers and affiliates have available in-stock sheet, plate, bar, wire, tubing, forging stock, fittings, and flanges.”
More notable recent Haynes International, Inc. (NASDAQ:HAYN) news were published by: Marketwatch.com which released: “Haynes International stock price target cut to $39 from $47 at JP Morgan” on December 21, 2009, also Globenewswire.com with their article: “Haynes International, Inc. Reports Third Quarter Fiscal 2016 Financial Results” published on August 04, 2016, Quotes.Wsj.com published: “News Haynes International Inc.HAYN” on February 12, 2011. More interesting news about Haynes International, Inc. (NASDAQ:HAYN) were released by: Seekingalpha.com and their article: “Haynes International: Time To Sell” published on November 03, 2016 as well as Globenewswire.com‘s news article titled: “Haynes International, Inc. Announces Expansion of LaPorte, IN Operations” with publication date: May 02, 2016.
HAYN Company Profile
Haynes International, Inc. (Haynes), incorporated on December 1, 1986, is a producer of nickel- and cobalt alloys in flat product forms, such as sheet, coil and plate forms. The Firm operates through the segment of design, manufacture, marketing and distribution of technologically advanced, high-performance alloys for use in the aerospace, land gas turbine, chemical processing and other industries. The Company’s products consist of high temperature resistant alloy (HTA) products and corrosion resistant alloy (CRA) products. HTA products are used by manufacturers of equipment that is subjected to high temperatures, such as jet engines for the aerospace market, gas turbine engines used for power generation and waste incineration, and industrial heating equipment. CRA products are used in applications that require resistance to corrosive media found in chemical processing, power plant emissions control and hazardous waste treatment. The Firm also produces its products as welded tubulars, and in slab, bar, billet and wire forms.
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