Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Haynes International Inc (NASDAQ: HAYN) weakened during the last several trading days. HAYN’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Haynes International Inc (NASDAQ: HAYN) stock closed at $59.78 on 7/29/24 after being unchanged was unchanged. However, unusually low trading volume at 53% of normal accompanied the flat performance. The stock has risen 0.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, HAYN is expected to continue to be a Value Builder.
Haynes International has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Haynes International has a neutral Appreciation Score of 51 and a slightly positive Power Rating of 63, and the High Neutral Value Trend Rating results.
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