Media coverage about Haynes International (NASDAQ:HAYN) has trended positive this week, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Haynes International earned a media sentiment score of 0.27 on AlphaOne’s scale. AlphaOne also assigned media headlines about the basic materials company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the near future.
Haynes International (NASDAQ:HAYN) traded up 0.17% on Friday, reaching $36.32. 89,808 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $38.54 and a 200-day moving average of $40.29. Haynes International has a one year low of $26.12 and a one year high of $48.37. The stock has a market cap of $450.37 million, a price-to-earnings ratio of 137.06 and a beta of 1.65.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, May 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.42%. Haynes International’s payout ratio is currently 275.01%.
HAYN has been the subject of several analyst reports. TheStreet lowered shares of Haynes International from a “b-” rating to a “c+” rating in a report on Monday, January 23rd. Longbow Research assumed coverage on shares of Haynes International in a report on Tuesday, March 21st. They set a “neutral” rating for the company. Finally, Zacks Investment Research upgraded shares of Haynes International from a “strong sell” rating to a “hold” rating in a report on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $41.67.
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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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