GrafTech International (NYSE:EAF) Shares Gap Up Following Analyst Upgrade

GrafTech International Ltd. (NYSE:EAF) gapped up prior to trading on Tuesday after Citigroup raised their price target on the stock from $1.00 to $2.20. The stock had previously closed at $1.86, but opened at $1.92. Citigroup currently has a neutral rating on the stock. GrafTech International shares last traded at $2.16, with a volume of 871,336 shares changing hands.

Institutional Investors Weigh In On GrafTech International

A number of large investors have recently bought and sold shares of EAF. Price T Rowe Associates Inc. MD boosted its stake in shares of GrafTech International by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 182,899 shares of the company’s stock valued at $253,000 after acquiring an additional 8,216 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of GrafTech International by 58.4% during the first 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 in the last quarter. Algert Global LLC lifted its stake in shares of GrafTech International by 13.3% during the second quarter. Algert Global LLC now owns 164,094 shares of the company’s stock valued at $159,000 after buying an additional 19,224 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of GrafTech International by 19.4% during the third quarter. BNP Paribas Financial Markets now owns 127,831 shares of the company’s stock valued at $169,000 after buying an additional 20,769 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in GrafTech International by 30.0% during the third quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company’s stock worth $134,000 after acquiring an additional 23,413 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

GrafTech International Price Performance

The stock has a market capitalization of $551.63 million, a PE ratio of -1.83 and a beta of 0.95. The company’s 50 day simple moving average is $1.81 and its 200 day simple moving average is $1.29. The company has a current ratio of 3.79, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38.

GrafTech International (NYSE:EAF) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $128.14 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. On average, equities analysts anticipate that GrafTech International Ltd. will post -0.43 earnings per share for the current year.

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.