GrafTech International (NYSE:EAF) Trading Up 1.3% – Should You Buy?

GrafTech International Ltd. (NYSE:EAF)’s stock price rose 1.3% during mid-day trading on Friday . The company traded as high as $18.33 and last traded at $17.8560. Approximately 217,148 shares were traded during mid-day trading, an increase of 30% from the average daily volume of 167,188 shares. The stock had previously closed at $17.63.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on GrafTech International from $10.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, November 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of GrafTech International in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded GrafTech International from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $14.25.

GrafTech International Stock Up 1.3%

The company has a market capitalization of $461.04 million, a price-to-earnings ratio of -2.26 and a beta of 1.64. The firm has a 50 day moving average price of $15.53 and a two-hundred day moving average price of $13.68.

GrafTech International (NYSE:EAF) last released its quarterly earnings results on Friday, October 24th. The company reported ($1.03) EPS for the quarter, topping the consensus estimate of ($1.22) by $0.19. The business had revenue of $144.00 million during the quarter, compared to analyst estimates of $139.58 million. Analysts predict that GrafTech International Ltd. will post -0.57 earnings per share for the current year.

Institutional Trading of GrafTech International

A number of hedge funds have recently made changes to their positions in the stock. Olympiad Research LP bought a new stake in shares of GrafTech International in the third quarter worth $192,000. Prelude Capital Management LLC bought a new position in GrafTech International during the 3rd quarter valued at $192,000. Caption Management LLC acquired a new position in GrafTech International during the 3rd quarter worth $192,000. Vanguard Personalized Indexing Management LLC grew its holdings in GrafTech International by 42.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,531 shares of the company’s stock worth $27,000 after acquiring an additional 8,188 shares in the last quarter. Finally, Bridgeway Capital Management LLC bought a new stake in shares of GrafTech International in the 3rd quarter worth about $377,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

GrafTech International Company Profile

GrafTech International (NYSE: EAF) is a leading global manufacturer of graphite electrodes and other specialty graphite products used primarily in electric arc furnaces (EAFs) for steel production. The company’s core offerings include ultrahigh-power, high-power and regular power electrodes, along with related accessories such as graphite shapes and heterogeneous carbon materials. These products play a critical role in steelmaking by conducting the high electrical currents required to melt scrap steel efficiently and with reduced environmental impact compared to traditional blast furnace methods.

With a manufacturing footprint spanning North America, Europe and Asia, GrafTech serves steel producers and foundries worldwide.