Media stories about Haynes International (NASDAQ:HAYN) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Haynes International earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 45.1822199176141 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
HAYN has been the topic of a number of analyst reports. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. BidaskClub upgraded Haynes International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 14th. Finally, KeyCorp restated a “hold” rating on shares of Haynes International in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $36.50.
Shares of Haynes International (NASDAQ HAYN) opened at $35.00 on Thursday. The firm has a market capitalization of $443.09, a PE ratio of -42.17 and a beta of 1.48. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.02 and a current ratio of 6.49. Haynes International has a one year low of $28.97 and a one year high of $43.95.
Haynes International (NASDAQ:HAYN) last issued its quarterly earnings data on Thursday, November 16th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.06). The company had revenue of $100.80 million during the quarter, compared to analyst estimates of $100.19 million. Haynes International had a negative net margin of 2.58% and a negative return on equity of 3.05%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. equities research analysts forecast that Haynes International will post 0.28 earnings per share for the current year.
In other news, Director Dawne S. Hickton acquired 2,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was bought at an average cost of $31.50 per share, for a total transaction of $63,000.00. Following the purchase, the director now owns 5,300 shares in the company, valued at $166,950. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.41% of the stock is currently owned by insiders.
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About Haynes International
Haynes International, Inc (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.
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