EAF has been the topic of several other research reports. Citigroup reduced their target price on shares of GrafTech International from $10.00 to $7.50 in a report on Tuesday, August 9th. Credit Suisse Group dropped their price target on shares of GrafTech International from $16.00 to $13.00 and set an outperform rating for the company in a research report on Tuesday, August 9th. Finally, Royal Bank of Canada cut shares of GrafTech International from an outperform rating to a sector perform rating and dropped their price target for the company from $10.00 to $7.00 in a research report on Wednesday, July 13th.
GrafTech International Price Performance
Shares of NYSE:EAF opened at $4.85 on Monday. The company’s fifty day moving average price is $6.62 and its 200-day moving average price is $8.07. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 2.55 and a beta of 1.11. GrafTech International has a one year low of $4.74 and a one year high of $13.38. The company has a debt-to-equity ratio of 4.77, a current ratio of 2.73 and a quick ratio of 1.29.
GrafTech International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.82%. GrafTech International’s dividend payout ratio (DPR) is currently 2.11%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Prelude Capital Management LLC purchased a new position in GrafTech International during the 2nd quarter valued at about $95,000. Captrust Financial Advisors increased its stake in GrafTech International by 1,256.4% during the 2nd quarter. Captrust Financial Advisors now owns 21,146 shares of the company’s stock valued at $150,000 after purchasing an additional 19,587 shares in the last quarter. Legal & General Group Plc increased its stake in GrafTech International by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 187,714 shares of the company’s stock valued at $1,327,000 after purchasing an additional 10,115 shares in the last quarter. TORQ CAPITAL MANAGEMENT HK Ltd increased its stake in GrafTech International by 19.3% during the 2nd quarter. TORQ CAPITAL MANAGEMENT HK Ltd now owns 2,540,658 shares of the company’s stock valued at $17,962,000 after purchasing an additional 411,100 shares in the last quarter. Finally, Corton Capital Inc. bought a new stake in GrafTech International during the 2nd quarter valued at about $75,000. 87.04% of the stock is owned by hedge funds and other institutional investors.
About GrafTech International
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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