Weiss Ratings Reaffirms Sell (D-) Rating for GrafTech International (NYSE:EAF)

GrafTech International (NYSE:EAF)‘s stock had its “sell (d-)” rating reissued by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently issued reports on EAF. Zacks Research downgraded shares of GrafTech International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. BMO Capital Markets increased their price target on shares of GrafTech International from $10.00 to $15.00 and gave the stock a “market perform” rating in a report on Tuesday, July 29th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, GrafTech International presently has a consensus rating of “Reduce” and a consensus price target of $16.25.

GrafTech International Stock Performance

EAF opened at $17.65 on Wednesday. The firm has a market cap of $455.72 million, a P/E ratio of -2.15 and a beta of 1.71. The firm has a 50-day moving average of $11.72 and a 200 day moving average of $10.34. GrafTech International has a fifty-two week low of $5.50 and a fifty-two week high of $25.30.

GrafTech International (NYSE:EAF) last released its quarterly earnings data on Friday, July 25th. The company reported ($1.60) EPS for the quarter, missing the consensus estimate of ($1.20) by ($0.40). The business had revenue of $131.84 million for the quarter, compared to analyst estimates of $130.44 million. Equities research analysts predict that GrafTech International will post -0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC grew its holdings in shares of GrafTech International by 42.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,531 shares of the company’s stock worth $27,000 after purchasing an additional 8,188 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of GrafTech International by 17.0% in the first quarter. Quantbot Technologies LP now owns 95,810 shares of the company’s stock worth $84,000 after purchasing an additional 13,901 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of GrafTech International by 4.4% in the first quarter. Rhumbline Advisers now owns 358,904 shares of the company’s stock worth $314,000 after purchasing an additional 15,147 shares during the last quarter. CWM LLC grew its holdings in shares of GrafTech International by 63.7% in the second quarter. CWM LLC now owns 66,335 shares of the company’s stock worth $65,000 after purchasing an additional 25,818 shares during the last quarter. Finally, Rathbones Group PLC bought a new position in shares of GrafTech International in the first quarter worth approximately $35,000. 92.83% 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. 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.