GrafTech International (NYSE:EAF) Shares Down 4.7% – Here’s What Happened

GrafTech International Ltd. (NYSE:EAF) fell 4.7% during trading on Thursday . The company traded as low as $2.04 and last traded at $2.05. 123,815 shares traded hands during trading, a decline of 96% from the average session volume of 3,088,910 shares. The stock had previously closed at $2.15.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets decreased their price target on GrafTech International from $1.20 to $1.00 and set a “market perform” rating on the stock in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1.75.

GrafTech International Price Performance

The stock has a market capitalization of $545.20 million, a P/E ratio of -1.81 and a beta of 0.94. The company has a debt-to-equity ratio of 57.38, a quick ratio of 2.01 and a current ratio of 3.79. The stock has a 50-day simple moving average of $1.51 and a 200 day simple moving average of $1.27.

GrafTech International (NYSE:EAF) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.01. GrafTech International had a negative return on equity of 459.99% and a negative net margin of 55.21%. The business had revenue of $130.65 million for the quarter, compared to analyst estimates of $128.14 million. During the same period last year, the company earned ($0.08) EPS. On average, equities analysts forecast that GrafTech International Ltd. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its stake in GrafTech International by 58.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 25,535 shares of the company’s stock worth $35,000 after buying an additional 9,416 shares during the period. Paloma Partners Management Co acquired a new stake in GrafTech International during the 1st quarter worth $76,000. Tyler Stone Wealth Management raised its stake in GrafTech International by 113.3% during the 3rd quarter. Tyler Stone Wealth Management now owns 61,100 shares of the company’s stock worth $81,000 after buying an additional 32,450 shares during the period. Intech Investment Management LLC acquired a new stake in GrafTech International during the 3rd quarter worth $81,000. Finally, Quadrature Capital Ltd raised its stake in GrafTech International by 11.3% during the 1st quarter. Quadrature Capital Ltd now owns 81,219 shares of the company’s stock worth $113,000 after buying an additional 8,271 shares during the period. 92.83% of the stock is currently owned by 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.