Longbow Research Initiates Coverage On Haynes International to Neutral

Longbow Research Initiates Coverage On Haynes International(HAYN). The shares have been rated Neutral. The rating by the stock financial advisor at Longbow Research was issued on Mar 21, 2017 in a research report to their Investors and Clients.

Haynes International (HAYN) made into the market gainers list on Fridays trading session with the shares advancing 0.64% or 0.23 points. Due to strong positive momentum, the stock ended at $36.01, which is also near the day’s high of $36.68. The stock began the session at $35.96 and the volume stood at 93,976 shares. The 52-week high of the shares is $48.37 and the 52 week low is $25.53. The company has a current market capitalization of $450 M and it has 1,25,10,307 shares in outstanding.

Haynes International(HAYN) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2017 and Q1.Company reported revenue of $93.355M. Analysts had an estimated revenue of $100.080M. Earnings per share were $-0.06. Analysts had estimated an EPS of $0.03.

Several Insider Transactions has been reported to the SEC. On Dec 6, 2016, Donald C Campion (director) sold 2,000 shares at $45.05 per share price.Also, On Dec 2, 2016, Timothy J Mccarthy (director) sold 1,632 shares at $44.00 per share price.On Nov 23, 2016, William P Wall (director) sold 2,000 shares at $44.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Haynes International Inc. (Haynes) is the producer of nickel- and cobalt-based alloys in sheet coil and plate forms. The Company is focused on developing manufacturing marketing and distributing technologically advanced high-performance alloys which are used primarily in the aerospace chemical processing and land-based gas turbine industries. Its products consist of high-temperature resistant alloys (HTA) products and corrosion-resistant alloys (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. It has manufacturing facilities in Kokomo Indiana; Arcadia Louisiana and Mountain Home North Carolina.

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