GrafTech International (NYSE:EAF) Reaches New 12-Month Low at $7.65

GrafTech International Ltd. (NYSE:EAFGet 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.

GrafTech International (NYSE:EAFGet Rating) last released its earnings results on Friday, May 6th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. GrafTech International had a net margin of 29.39% and a negative return on equity of 557.82%. The firm had revenue of $366.30 million for the quarter, compared to analyst estimates of $378.00 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. On average, equities analysts predict that GrafTech International Ltd. will post 1.66 earnings per share for the current year.

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.

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