GrafTech International (NYSE:EAF) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of GrafTech International (NYSE:EAF) from a neutral rating to an underweight rating in a research report report published on Tuesday, Marketbeat.com reports.

GrafTech International Stock Performance

Shares of EAF opened at $0.84 on Tuesday. The company has a debt-to-equity ratio of 24.74, a current ratio of 3.73 and a quick ratio of 1.91. The stock has a 50-day moving average of $1.33 and a 200-day moving average of $1.49. The company has a market cap of $216.79 million, a PE ratio of -0.77 and a beta of 0.92. GrafTech International has a one year low of $0.81 and a one year high of $5.32.

GrafTech International (NYSE:EAF) last released its quarterly earnings results on Friday, April 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. The business had revenue of $136.80 million during the quarter, compared to the consensus estimate of $125.73 million. GrafTech International had a negative return on equity of 66.36% and a negative net margin of 45.08%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) EPS. On average, equities research analysts predict that GrafTech International will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at GrafTech International

In related news, major shareholder Colonial House Capital Ltd purchased 332,770 shares of the business’s stock in a transaction on Friday, May 17th. The stock was acquired at an average price of $1.72 per share, for a total transaction of $572,364.40. Following the purchase, the insider now owns 31,358,061 shares of the company’s stock, valued at $53,935,864.92. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders purchased 1,322,486 shares of company stock worth $2,278,701. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On GrafTech International

A number of hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in GrafTech International during the 4th quarter valued at $59,000. Clear Harbor Asset Management LLC raised its holdings in GrafTech International by 919.7% during the 4th quarter. Clear Harbor Asset Management LLC now owns 483,325 shares of the company’s stock valued at $1,058,000 after acquiring an additional 435,925 shares during the period. Strategic Financial Concepts LLC raised its holdings in GrafTech International by 251.7% during the 4th quarter. Strategic Financial Concepts LLC now owns 40,530 shares of the company’s stock valued at $89,000 after acquiring an additional 29,006 shares during the period. Oak Thistle LLC bought a new stake in GrafTech International during the 4th quarter valued at $48,000. Finally, Cerity Partners LLC bought a new stake in GrafTech International during the 4th quarter valued at $1,954,000. Institutional investors own 92.83% of the company’s stock.

GrafTech International Company Profile

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.