GrafTech International Target of Unusually High Options Trading (NYSE:EAF)

GrafTech International Ltd. (NYSE:EAF - Get Free Report) was the target of some unusual options trading on Monday. Investors purchased 3,168 call options on the stock. This is an increase of approximately 1,044% compared to the typical volume of 277 call options.

Insider Transactions at GrafTech International

In related news, Director Jean-Marc Germain purchased 50,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average cost of $0.78 per share, for a total transaction of $39,000.00. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at approximately $70,200. This represents a 125.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Institutional Trading of GrafTech International

A number of hedge funds have recently bought and sold shares of the business. Wolverine Trading LLC purchased a new stake in GrafTech International in the 4th quarter worth about $32,000. Two Sigma Advisers LP bought a new stake in GrafTech International during the 4th quarter worth approximately $33,000. Ethic Inc. raised its position in shares of GrafTech International by 89.0% in the fourth quarter. Ethic Inc. now owns 21,889 shares of the company's stock worth $38,000 after buying an additional 10,307 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of GrafTech International in the 4th quarter valued at about $42,000. Finally, Beaconlight Capital LLC bought a new stake in GrafTech International during the fourth quarter valued at approximately $57,000. 92.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, UBS Group cut their price target on GrafTech International from $1.50 to $0.80 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, GrafTech International presently has a consensus rating of "Hold" and an average price target of $1.63.

GrafTech International Stock Up 8.5%

EAF stock traded up $0.10 during trading on Monday, reaching $1.22. 1,410,474 shares of the stock were exchanged, compared to its average volume of 2,711,553. The company has a current ratio of 4.55, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. GrafTech International has a twelve month low of $0.52 and a twelve month high of $2.53. The firm's 50 day moving average is $0.84 and its 200 day moving average is $1.22. The firm has a market cap of $313.61 million, a P/E ratio of -2.38 and a beta of 1.53.

GrafTech International (NYSE:EAF - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. The firm had revenue of $111.84 million during the quarter, compared to the consensus estimate of $122.33 million. GrafTech International had a negative return on equity of 709.85% and a negative net margin of 24.34%. During the same period in the prior year, the business posted ($0.10) earnings per share. As a group, research analysts forecast that GrafTech International will post -0.57 EPS for the current year.

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.

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