GrafTech International Chairman Sells $3,045,000 in Stock (GTI)
GrafTech International (NYSE:GTI) Chairman Craig S. Shular unloaded 300,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $10.15, for a total transaction of $3,045,000.00. Following the completion of the sale, the chairman now directly owns 300,000 shares in the company, valued at approximately $3,045,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of GrafTech International (NYSE:GTI) traded up 1.15% on Monday, hitting $10.54. 705,326 shares of the company’s stock traded hands. GrafTech International has a one year low of $6.84 and a one year high of $13.01. The stock’s 50-day moving average is $10.93 and its 200-day moving average is $10.87. The company’s market cap is $1.430 billion.
GrafTech International (NYSE:GTI) last released its earnings data on Thursday, April 24th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.06. The company had revenue of $281.00 million for the quarter, compared to the consensus estimate of $270.69 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts expect that GrafTech International will post $0.15 EPS for the current fiscal year.
A number of analysts have recently weighed in on GTI shares. Analysts at Zacks upgraded shares of GrafTech International from an “underperform” rating to a “neutral” rating in a research note on Monday, April 28th. They now have a $11.40 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of GrafTech International from $11.50 to $13.50 in a research note on Friday, April 25th.
GrafTech International Ltd (NYSE:GTI) is a manufacturer of graphite electrodes, products essential to the production of electric arc furnace (EAF) steel and various other ferrous and nonferrous metals.
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