GrafTech International (EAF) Sets New 1-Year Low at $12.85

GrafTech International Ltd (NYSE:EAF) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $12.85 and last traded at $13.22, with a volume of 45308 shares traded. The stock had previously closed at $14.73.

Several research firms have recently issued reports on EAF. Zacks Investment Research upgraded shares of GrafTech International from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, November 6th. Royal Bank of Canada dropped their price objective on shares of GrafTech International from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, November 6th. Vertical Group downgraded shares of GrafTech International from a “buy” rating to a “sell” rating in a report on Monday, November 12th. Finally, BMO Capital Markets dropped their price objective on shares of GrafTech International from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. GrafTech International presently has a consensus rating of “Buy” and a consensus target price of $25.33.

GrafTech International (NYSE:EAF) last posted its quarterly earnings data on Friday, November 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. The company had revenue of $454.90 million for the quarter, compared to the consensus estimate of $426.50 million. GrafTech International had a net margin of 43.72% and a negative return on equity of 160.94%. The business’s revenue was up 231.3% on a year-over-year basis. Equities analysts forecast that GrafTech International Ltd will post 2.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, November 30th will be paid a $0.085 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.34 dividend on an annualized basis and a yield of 2.58%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC increased its stake in GrafTech International by 0.4% in the third quarter. Teachers Advisors LLC now owns 834,150 shares of the company’s stock valued at $16,274,000 after acquiring an additional 3,549 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in GrafTech International by 22.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 22,820 shares of the company’s stock valued at $445,000 after acquiring an additional 4,209 shares during the period. State of Alaska Department of Revenue bought a new stake in GrafTech International in the third quarter valued at about $118,000. First Mercantile Trust Co. increased its stake in GrafTech International by 47.6% in the third quarter. First Mercantile Trust Co. now owns 18,919 shares of the company’s stock valued at $369,000 after acquiring an additional 6,103 shares during the period. Finally, Trustcore Financial Services LLC increased its stake in GrafTech International by 620.0% in the third quarter. Trustcore Financial Services LLC now owns 7,200 shares of the company’s stock valued at $140,000 after acquiring an additional 6,200 shares during the period.

COPYRIGHT VIOLATION WARNING: This news story was first reported by WKRB News and is owned by of WKRB News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.wkrb13.com/2018/12/07/graftech-international-eaf-sets-new-1-year-low-at-12-85.html.

About GrafTech International (NYSE:EAF)

GrafTech International Ltd. researches, develops, manufactures, and sells synthetic and natural graphite and carbon based products worldwide. It offers graphite electrodes, which are components of the conductive power systems used to produce steel and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.

Recommended Story: What does RSI mean?

Receive News & Ratings for GrafTech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrafTech International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply