NEW YORK (

TheStreet

) --

Haynes International

(Nasdaq:

HAYN

) hit a new 52-week high Thursday as it is currently trading at $65.41, above its previous 52-week high of $65.01 with 40,845 shares traded as of 12:45 p.m. ET. Average volume has been 150,100 shares over the past 30 days.

Haynes International has a market cap of $792.1 million and is part of the

basic materials

sector and

metals & mining

industry. Shares are up 51.1% year to date as of the close of trading on Wednesday.

Haynes International Inc. develops, manufactures, markets, and distributes high-performance nickel-and cobalt-based alloys in sheet, coil, and plate forms for use in the various industries worldwide. The company has a P/E ratio of 38.2, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Haynes International as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Haynes International Ratings Report

.

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