Zacks Investment Research downgraded Haynes International, Inc. (NASDAQ:HAYN) to Strong Sell in a report released today.
- Updated: October 9, 2016
Just yesterday Haynes International, Inc. (NASDAQ:HAYN) traded -2.09% lower at $35.94. Haynes International, Inc.’s 50-day moving average is $37.02 and its 200-day moving average is $35.16. The last stock price is up 2.83% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 61,165 shares of HAYN traded hands, down from an average trading volume of 87,572
Zacks Investment Research has downgraded Haynes International, Inc. (NASDAQ:HAYN) to Strong Sell in a report released on Wednesday October 05, 2016.
Recent Performance Chart
Haynes International, Inc. has 52 week low of $25.53 and a 52 week high of $43.07 with a PE ratio of 58.99 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 4 brokerages have issued a ratings update on the company. The average stock price target is $39.25 with 2 brokerages rating the stock a strong buy, 1 firm rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Haynes International, Inc. (NASDAQ:HAYN)
Haynes International, Inc. produces nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company operates through the segment of design, manufacture, marketing and distribution of technologically advanced, high-performance alloys for use in the aerospace, land-based gas turbine, chemical processing and other industries. Its 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 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. It also produces its products as welded tubulars, and in slab, bar, billet and wire forms.
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