Haynes International, Inc. (NASDAQ:HAYN) Closed Higher Than Its 50 Day Average


The stock last traded at $36.46 a tad above $34.74, the stock’s 50 day moving average and just above the 200 day moving average of $35.12. The 50 day moving average went up by +4.95% whereas the 200 day average was up by +3.81%. Trading was light with 104 shares changing hands in the last trading session. Overall, volume was down 99.86% under the stocks normal daily volume.

Investors are more bearish on the company recently looking at the change in short interest. The firm experienced a rise in short interest of 2.45% as of September 29, 2017 from the last reporting period. Short shares increased 11,128 over that timeframe. The days to cover increased to 5.0 and the short interest percentage is 0.04% as of September 29.

A few notable investment firms have updated their holdings. State of Alaska, Department of Revenue grew its stake by buying 20 shares an increase of 0.8%. State of Alaska, Department of Revenue claims 2,473 shares with a value of $88,000. The total value of its holdings decreased 1.1%. As of the end of the quarter Cutler Group LP had acquired a total of 775 shares growing its stake by 110.7%. The value of the total investment in Haynes International, Inc. increased from $25,000 to $52,000 a change of $27,000 since the last quarter.

Bank Of Montreal /can/ divested its holdings by shedding 235 shares a decrease of 98.7% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ now controls 3 shares worth $0. The value of the position overall is down by 100.0%. As of quarter end Quadrant Capital Group LLC had sold 54 shares trimming its position 70.1%. The value in dollars went from $2,000 to $0 decreasing 100.0% quarter over quarter.

The company is so far trading down since yesterday’s close of 36.8. Haynes International, Inc. recently declared a dividend for shareholders which was paid on Friday the 15th of September 2017. The dividend was $0.220 per share for the quarter which comes to $0.88 on an annualized basis. The dividend yield was $2.42. The ex-dividend date was set for Wednesday the 30th of August 2017.

In the last earnings report the EPS was $-0.28 and is expected to be $-0.77 for the current year with 12,400,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $-0.03 with next year’s EPS anticipated to be $0.84.

Haynes International, Inc. (Haynes), launched on December 1, 1986, is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries. Haynes’ products consist of high-temperature resistant alloys (HTA) products and corrosion-resistant alloys (CRA) products. The Company has a four-high Steckel rolling mill used in hot rolling high-performance alloys. The Company has operations in the United States, Europe and China..