GrafTech International (NYSE:EAF – Get Free Report) was downgraded by JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports.
GrafTech International Trading Down 9.0 %
EAF stock opened at $0.99 on Tuesday. The business has a fifty day moving average price of $1.36 and a 200 day moving average price of $1.50. The company has a debt-to-equity ratio of 24.74, a current ratio of 3.73 and a quick ratio of 1.91. GrafTech International has a fifty-two week low of $0.87 and a fifty-two week high of $5.32. The stock has a market capitalization of $255.09 million, a price-to-earnings ratio of -0.91 and a beta of 0.92.
GrafTech International (NYSE:EAF – Get Free Report) last announced its earnings results on Friday, April 26th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. GrafTech International had a negative return on equity of 66.36% and a negative net margin of 45.08%. The company had revenue of $136.80 million during the quarter, compared to analyst estimates of $125.73 million. During the same period last year, the company posted ($0.02) earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts expect that GrafTech International will post -0.43 EPS for the current fiscal year.
Insider Transactions at GrafTech International
Institutional Trading of GrafTech International
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sun Life Financial Inc. bought a new position in shares of GrafTech International in the 4th quarter valued at about $1,843,000. Invenomic Capital Management LP bought a new position in GrafTech International in the fourth quarter valued at approximately $1,684,000. Allianz Asset Management GmbH grew its holdings in GrafTech International by 37.0% during the 4th quarter. Allianz Asset Management GmbH now owns 704,494 shares of the company’s stock worth $1,543,000 after acquiring an additional 190,225 shares during the period. New York State Common Retirement Fund grew its holdings in GrafTech International by 1,425.0% during the 4th quarter. New York State Common Retirement Fund now owns 4,422,999 shares of the company’s stock worth $9,686,000 after acquiring an additional 4,132,961 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of GrafTech International during the 4th quarter valued at $160,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.
GrafTech International Company Profile
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.
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