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GrafTech International (NYSE:GTI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday. They currently have a $7.00 target price on the stock. Zacks‘s price target would indicate a potential downside of 16.67% from the stock’s previous close.

Shares of GrafTech International (NYSE:GTI) traded up 0.54% on Wednesday, hitting $8.445. The stock had a trading volume of 1,712,553 shares. GrafTech International has a one year low of $7.22 and a one year high of $13.01. The stock’s 50-day moving average is $10. and its 200-day moving average is $10.50. The company’s market cap is $1.146 billion.

GrafTech International (NYSE:GTI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.06. The company had revenue of $284.20 million for the quarter, compared to the consensus estimate of $280.92 million. During the same quarter last year, the company posted $0.03 earnings per share. GrafTech International’s revenue was down 5.7% compared to the same quarter last year. Analysts expect that GrafTech International will post $0.10 EPS for the current fiscal year.

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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