GrafTech International Ltd. (NYSE:EAF – Get Free Report) has been assigned an average rating of “Reduce” from the five brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $1.88.
Separately, JPMorgan Chase & Co. cut GrafTech International from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 16th.
Insider Transactions at GrafTech International
Institutional Trading of GrafTech International
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of GrafTech International by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 182,899 shares of the company’s stock valued at $253,000 after purchasing an additional 8,216 shares in the last quarter. Quadrature Capital Ltd grew its stake in shares of GrafTech International by 11.3% during the first quarter. Quadrature Capital Ltd now owns 81,219 shares of the company’s stock valued at $113,000 after buying an additional 8,271 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of GrafTech International by 58.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 25,535 shares of the company’s stock valued at $35,000 after acquiring an additional 9,416 shares during the last quarter. CWM LLC lifted its stake in shares of GrafTech International by 211.9% in the 4th quarter. CWM LLC now owns 14,000 shares of the company’s stock valued at $31,000 after acquiring an additional 9,511 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in GrafTech International by 0.3% during the 1st quarter. William Blair Investment Management LLC now owns 4,511,025 shares of the company’s stock valued at $6,225,000 after acquiring an additional 12,648 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.
GrafTech International Stock Performance
GrafTech International stock opened at $0.93 on Tuesday. GrafTech International has a 1-year low of $0.81 and a 1-year high of $5.32. The company has a current ratio of 3.73, a quick ratio of 1.91 and a debt-to-equity ratio of 24.74. The firm has a market capitalization of $238.71 million, a PE ratio of -0.85 and a beta of 0.92. The firm’s 50 day simple moving average is $1.31 and its 200 day simple moving average is $1.48.
GrafTech International (NYSE:EAF – Get Free Report) last released its quarterly earnings results on Friday, April 26th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.08. The firm had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $125.73 million. GrafTech International had a negative net margin of 45.08% and a negative return on equity of 66.36%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. As a group, analysts expect that GrafTech International will post -0.44 earnings per share for the current fiscal year.
About GrafTech International
GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. The company offers graphite electrodes to produce electric arc furnace steel and other ferrous and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes and synthetic graphite.
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