GrafTech International Ltd (NYSE:EAF) shares traded down 1% during trading on Thursday . The stock traded as low as $17.48 and last traded at $18.00. 43,118 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 1,281,577 shares. The stock had previously closed at $18.18.

Several research analysts have commented on the stock. BMO Capital Markets assumed coverage on shares of GrafTech International in a report on Tuesday, May 15th. They issued an “outperform” rating and a $25.00 price objective for the company. Citigroup assumed coverage on shares of GrafTech International in a report on Monday, May 14th. They issued a “buy” rating for the company. Credit Suisse Group assumed coverage on shares of GrafTech International in a report on Monday, May 14th. They issued an “outperform” rating and a $24.00 price objective for the company. Vertical Research assumed coverage on shares of GrafTech International in a report on Wednesday, August 1st. They issued a “buy” rating and a $29.00 price objective for the company. Finally, Vertical Group initiated coverage on shares of GrafTech International in a report on Wednesday, August 1st. They issued a “buy” rating for the company. Seven equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $26.60.

The company has a debt-to-equity ratio of -2.19, a quick ratio of 1.63 and a current ratio of 2.56.

GrafTech International (NYSE:EAF) last issued its quarterly earnings results on Friday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.07. The company had revenue of $456.30 million during the quarter, compared to analyst estimates of $417.00 million. GrafTech International had a net margin of 38.52% and a negative return on equity of 1,837.51%. GrafTech International’s revenue was up 292.3% on a year-over-year basis. equities research analysts predict that GrafTech International Ltd will post 2.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 31st will be paid a $0.085 dividend. The ex-dividend date is Thursday, August 30th. This represents a $0.34 annualized dividend and a dividend yield of 1.94%.

In other GrafTech International news, Director Anthony R. Taccone purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was bought at an average cost of $19.67 per share, for a total transaction of $29,505.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Anthony R. Taccone purchased 2,250 shares of the firm’s stock in a transaction that occurred on Monday, June 4th. The stock was acquired at an average price of $18.92 per share, with a total value of $42,570.00. The disclosure for this purchase can be found here.

Several institutional investors have recently modified their holdings of EAF. First Mercantile Trust Co. bought a new stake in GrafTech International during the 2nd quarter valued at about $231,000. Cubist Systematic Strategies LLC bought a new stake in GrafTech International during the 2nd quarter valued at about $298,000. Stevens Capital Management LP bought a new stake in GrafTech International during the 2nd quarter valued at about $300,000. Raymond James Financial Services Advisors Inc. bought a new stake in GrafTech International during the 2nd quarter valued at about $310,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in GrafTech International during the 2nd quarter valued at about $335,000. Institutional investors own 4.43% of the company’s stock.

GrafTech International Company Profile (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.

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