GrafTech International Ltd. (NYSE:EAF – Get Rating) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.65 and last traded at $7.69, with a volume of 8687 shares traded. The stock had previously closed at $8.09.
Separately, Citigroup cut shares of GrafTech International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $13.00 to $10.00 in a research report on Tuesday, June 7th.
The stock’s 50 day moving average is $8.91 and its two-hundred day moving average is $10.09. The company has a debt-to-equity ratio of 7.18, a current ratio of 2.63 and a quick ratio of 1.44. The stock has a market capitalization of $2.00 billion, a PE ratio of 5.15 and a beta of 0.98.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Tuesday, May 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, May 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.52%. GrafTech International’s payout ratio is 2.55%.
Institutional investors have recently made changes to their positions in the business. Counterpoint Mutual Funds LLC purchased a new position in GrafTech International in the fourth quarter valued at approximately $26,000. Quantbot Technologies LP purchased a new position in GrafTech International in the first quarter valued at approximately $29,000. Lenox Wealth Advisors LLC purchased a new position in GrafTech International in the fourth quarter valued at approximately $35,000. Public Employees Retirement System of Ohio increased its stake in GrafTech International by 42.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,639 shares of the company’s stock valued at $43,000 after purchasing an additional 1,086 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in GrafTech International in the first quarter valued at approximately $60,000. Institutional investors own 93.65% of the company’s stock.
About GrafTech International (NYSE:EAF)
GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. It 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.
- Get a free copy of the StockNews.com research report on GrafTech International (EAF)
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