Could Haynes International, Inc. (HAYN) Decline After Today’s Significant Increase?

September 17, 2017 - By Marie Mckinney

The stock of Haynes International, Inc. (NASDAQ:HAYN) is a huge mover today! The stock increased 5.39% or $1.67 on September 15, reaching $32.65. About 244,960 shares traded or 164.36% up from the average. Haynes International, Inc. (NASDAQ:HAYN) has risen 38.73% since September 17, 2016 and is uptrending. It has outperformed by 22.03% the S&P500.
The move comes after 8 months positive chart setup for the $408.38 million company. It was reported on Sep, 17 by We have $34.28 PT which if reached, will make NASDAQ:HAYN worth $20.42M more.

Analysts await Haynes International, Inc. (NASDAQ:HAYN) to report earnings on November, 16. They expect $-0.28 EPS, down 450.00 % or $0.36 from last year’s $0.08 per share. After $-0.32 actual EPS reported by Haynes International, Inc. for the previous quarter, Wall Street now forecasts -12.50 % EPS growth.

Haynes International, Inc. (NASDAQ:HAYN) Ratings Coverage

Among 4 analysts covering Haynes International (NASDAQ:HAYN), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Haynes International had 9 analyst reports since August 12, 2015 according to SRatingsIntel. As per Friday, August 14, the company rating was downgraded by Zacks. The firm has “Buy” rating given on Monday, May 15 by Longbow. On Tuesday, September 29 the stock rating was initiated by Singular Research with “Buy”. JP Morgan downgraded Haynes International, Inc. (NASDAQ:HAYN) on Wednesday, November 16 to “Neutral” rating. The firm has “Neutral” rating by Rosenblatt given on Monday, August 29. Zacks downgraded the shares of HAYN in report on Wednesday, August 12 to “Hold” rating.

More notable recent Haynes International, Inc. (NASDAQ:HAYN) news were published by: which released: “Haynes International, Inc. announces the development of HAYNES® 233â„¢ alloy” on December 01, 2016, also with their article: “Haynes International, Inc. (HAYN) Ex-Dividend Date Scheduled for August 30, 2017” published on August 29, 2017, published: “Haynes International’s (HAYN) CEO Mark Comerford on Q1 2017 Results – Earnings …” on February 03, 2017. More interesting news about Haynes International, Inc. (NASDAQ:HAYN) were released by: and their article: “Haynes International, Inc. to Host Second Quarter Conference Call” published on May 02, 2017 as well as‘s news article titled: “Haynes International’s (HAYN) CEO Mark Comerford on Q2 2017 Results – Earnings …” with publication date: May 06, 2017.

Haynes International, Inc. is a producer of nickel- and cobalt alloys in flat product forms, such as sheet, coil and plate forms. The company has market cap of $408.38 million. The Firm also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It currently has negative earnings. 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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