GrafTech International (NYSE:EAF) Trading Down 8.2%

GrafTech International Ltd. (NYSE:EAF – Get Rating)’s share price traded down 8.2% during trading on Wednesday . The company traded as low as $4.22 and last traded at $4.25. 1,230,056 shares were traded during mid-day trading, a decline of 21% from the average session volume of 1,562,796 shares. The stock had previously closed at $4.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on GrafTech International in a report on Tuesday. They issued a “neutral” rating for the company. Citigroup reduced their price target on GrafTech International from $6.00 to $5.00 in a report on Sunday, April 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.00.

GrafTech International Trading Down 0.5 %

The company’s fifty day moving average is $4.57 and its 200-day moving average is $5.05. The company has a debt-to-equity ratio of 2.81, a current ratio of 3.84 and a quick ratio of 1.47. The company has a market capitalization of $1.11 billion, a PE ratio of 4.47 and a beta of 1.36.

GrafTech International (NYSE:EAF – Get Rating) last issued its quarterly earnings results on Friday, April 28th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). GrafTech International had a return on equity of 87.51% and a net margin of 23.86%. The business had revenue of $138.80 million for the quarter, compared to analysts’ expectations of $123.00 million. During the same quarter in the previous year, the firm posted $0.48 EPS. GrafTech International’s revenue was down 62.1% on a year-over-year basis. On average, analysts anticipate that GrafTech International Ltd. will post 0.07 EPS for the current fiscal year.

GrafTech International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, May 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Tuesday, May 30th. GrafTech International’s dividend payout ratio is currently 4.12%.

Hedge Funds Weigh In On GrafTech International

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in GrafTech International by 101.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 5,339 shares of the company’s stock valued at $26,000 after acquiring an additional 2,690 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of GrafTech International in the 1st quarter valued at $29,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of GrafTech International in the 1st quarter valued at $40,000. Toronto Dominion Bank purchased a new stake in shares of GrafTech International in the 1st quarter valued at approximately $49,000. Finally, CI Private Wealth LLC acquired a new stake in shares of GrafTech International in the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 88.74% of the company’s stock.

GrafTech International Company Profile

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GrafTech International Ltd. engages in the manufacture of graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The firm also produces a needle coke product which is a raw material in producing graphite electrodes. Its customers include steel producers and other ferrous and non-ferrous metal producers in Europe, the Middle East and Africa, the Americas and Asia-Pacific, which sell its products into the automotive, construction, appliance, machinery, equipment, and transportation industries.