Jean-Marc Germain Purchases 50,000 Shares of GrafTech International Ltd. (NYSE:EAF) Stock

GrafTech International Ltd. (NYSE:EAF) Director Jean-Marc Germain purchased 50,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $0.78 per share, with a total value of $39,000.00. Following the purchase, the director now owns 90,000 shares of the company’s stock, valued at approximately $70,200. This represents a 125.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

GrafTech International Stock Performance

Shares of EAF stock opened at $0.85 on Wednesday. The company has a current ratio of 4.55, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. The firm has a fifty day moving average price of $0.80 and a 200 day moving average price of $1.38. The company has a market cap of $218.70 million, a P/E ratio of -1.66 and a beta of 1.28. GrafTech International Ltd. has a 12 month low of $0.52 and a 12 month high of $2.53.

GrafTech International (NYSE:EAF) last issued its earnings results on Friday, April 25th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The firm had revenue of $111.84 million during the quarter, compared to the consensus estimate of $122.33 million. GrafTech International had a negative net margin of 24.34% and a negative return on equity of 709.85%. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. Sell-side analysts predict that GrafTech International Ltd. will post -0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GrafTech International

A number of institutional investors and hedge funds have recently modified their holdings of EAF. Wolverine Trading LLC acquired a new position in shares of GrafTech International during the fourth quarter worth $32,000. Two Sigma Advisers LP purchased a new stake in GrafTech International in the fourth quarter valued at $33,000. CWM LLC lifted its position in GrafTech International by 2,978.8% in the first quarter. CWM LLC now owns 40,517 shares of the company’s stock valued at $35,000 after acquiring an additional 39,201 shares during the last quarter. Rathbones Group PLC purchased a new stake in GrafTech International in the first quarter valued at $35,000. Finally, Ethic Inc. lifted its position in GrafTech International by 89.0% in the fourth quarter. Ethic Inc. now owns 21,889 shares of the company’s stock valued at $38,000 after acquiring an additional 10,307 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on EAF. Royal Bank of Canada restated a “sector perform” rating and issued a $2.00 price target on shares of GrafTech International in a research note on Monday, February 10th. UBS Group dropped their price target on shares of GrafTech International from $1.50 to $0.80 and set a “neutral” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets dropped their price target on shares of GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, GrafTech International currently has an average rating of “Hold” and a consensus price target of $1.63.

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.