Haynes International (NASDAQ:HAYN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Haynes International, Inc. (NASDAQ:HAYN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $59.84 and traded as high as $61.01. Haynes International shares last traded at $60.99, with a volume of 1,035,700 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Haynes International in a research note on Saturday. They issued a “hold” rating on the stock.

Haynes International Stock Up 0.0 %

The business’s fifty day simple moving average is $60.78 and its two-hundred day simple moving average is $59.84. The company has a market cap of $779.45 million, a PE ratio of 20.96, a PEG ratio of 0.85 and a beta of 1.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.74 and a quick ratio of 1.89.

Hedge Funds Weigh In On Haynes International

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in shares of Haynes International by 8.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,775 shares of the basic materials company’s stock worth $165,000 after buying an additional 220 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in Haynes International during the second quarter worth $526,000. Anson Funds Management LP purchased a new position in Haynes International during the third quarter valued at $1,445,000. Rhumbline Advisers grew its position in shares of Haynes International by 3.2% in the second quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock valued at $2,347,000 after purchasing an additional 1,245 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Haynes International by 2.6% during 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 purchasing an additional 4,153 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.