Haynes International Inc. (HAYN) has lent support to NYSE and NASDAQ listed companies in the industrial goods sector by being one of the best performers during morning trading on September 22. At the lunch break, shares of HAYN have jumped 3.25% to $37.81 after closing the day prior at $36.62. In the first two and a half hours of trading, the stock has gone as high as $38.0 and as low as $36.89. Today’s rise has come with about 23,097 shares changing hands, compared to an average 30-day volume of 98,893 for Haynes International Inc.. The price is currently below the 30-day volume weighted average price of $37.67 for HAYN.
The share appreciation gives the company a market capitalization of $457.43 million based upon 12.49 million shares outstanding. It also means that HAYN has a price-to-book ratio of 1.36:1.
In the past 52 weeks, shares of HAYN have traded as low as $25.53 and as high as $43.0745. Technical traders will take note that at $37.81, shares of HAYN are trading above their 200-day MA at $33.97 and above their 50-day MA at $37.65. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is HAYN?
Haynes International Inc is a producer of nickel- and cobalt-based alloys in sheet, coil and plate forms. It is engaged in the developing, manufacturing, marketing and distributing of alloys. The company’s 1741 employees are led by CEO Mark M. Comerford from the corporate headquarters at 1020 West Park Avenue in Kokomo, IN.
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