GrafTech International (NYSE:EAF) Stock Price Down 4.7% – What’s Next?

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

Analysts Set New Price Targets

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

GrafTech International Stock Down 1.9 %

The stock has a market cap of $542.62 million, a PE ratio of -1.83 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 4.22. The company’s 50-day moving average price is $1.45 and its 200 day moving average price is $1.26.

GrafTech International (NYSE:EAF) last released its 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. The company had revenue of $130.65 million during the quarter, compared to analyst estimates of $128.14 million. GrafTech International had a negative net margin of 55.21% and a negative return on equity of 321.50%. During the same period in the prior year, the firm posted ($0.08) EPS. As a group, analysts forecast that GrafTech International Ltd. will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EAF. Mirae Asset Global Investments Co. Ltd. lifted its position in GrafTech International by 396.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 104,200 shares of the company’s stock worth $144,000 after buying an additional 83,209 shares during the last quarter. BNP Paribas Financial Markets increased its stake in GrafTech International by 12.0% in the first quarter. BNP Paribas Financial Markets now owns 123,395 shares of the company’s stock worth $170,000 after purchasing an additional 13,203 shares during the period. Russell Investments Group Ltd. increased its stake in GrafTech International by 43.2% in the first quarter. Russell Investments Group Ltd. now owns 195,665 shares of the company’s stock worth $270,000 after purchasing an additional 59,013 shares during the period. William Blair Investment Management LLC increased its stake in GrafTech International by 0.3% in the first quarter. William Blair Investment Management LLC now owns 4,511,025 shares of the company’s stock worth $6,225,000 after purchasing an additional 12,648 shares during the period. Finally, Quadrature Capital Ltd increased its stake in GrafTech International by 11.3% in the first quarter. Quadrature Capital Ltd now owns 81,219 shares of the company’s stock worth $113,000 after purchasing 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.