Jean-Marc Germain Buys 50,000 Shares of GrafTech International Ltd. (NYSE:EAF) Stock

GrafTech International Ltd. (NYSE:EAF - Get Free Report) Director Jean-Marc Germain bought 50,000 shares of the stock in a transaction 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 acquisition, the director now directly owns 90,000 shares in the company, valued at approximately $70,200. The trade was a 125.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

GrafTech International Price Performance

Shares of GrafTech International stock traded down $0.00 during midday trading on Thursday, hitting $0.83. 252,642 shares of the company were exchanged, compared to its average volume of 2,698,117. The company has a debt-to-equity ratio of 57.38, a current ratio of 4.55 and a quick ratio of 1.98. The firm has a market cap of $215.27 million, a P/E ratio of -1.64 and a beta of 1.28. GrafTech International Ltd. has a 52 week low of $0.52 and a 52 week high of $2.53. The firm has a 50 day simple moving average of $0.79 and a 200-day simple moving average of $1.37.

GrafTech International (NYSE:EAF - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. The business 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 quarter last year, the company earned ($0.10) EPS. Research analysts forecast that GrafTech International Ltd. will post -0.57 earnings per share for the current year.

Hedge Funds Weigh In On GrafTech International

Several hedge funds and other institutional investors have recently modified their holdings of EAF. Franklin Resources Inc. lifted its position in shares of GrafTech International by 81.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,536,232 shares of the company's stock worth $6,623,000 after buying an additional 2,029,350 shares during the period. JPMorgan Chase & Co. lifted its position in shares of GrafTech International by 475.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,458,829 shares of the company's stock worth $3,246,000 after buying an additional 2,031,652 shares during the period. SG Americas Securities LLC raised its position in GrafTech International by 25.4% in the 4th quarter. SG Americas Securities LLC now owns 148,594 shares of the company's stock valued at $257,000 after purchasing an additional 30,102 shares during the last quarter. Sonora Investment Management Group LLC raised its position in GrafTech International by 31.8% in the 4th quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company's stock valued at $50,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Rhumbline Advisers raised its position in GrafTech International by 6.5% in the 4th quarter. Rhumbline Advisers now owns 343,757 shares of the company's stock valued at $595,000 after purchasing an additional 20,902 shares during the last quarter. Institutional investors own 92.83% of the company's stock.

Wall Street Analyst Weigh In

EAF has been the topic of several recent research reports. UBS Group decreased their price objective on GrafTech International from $1.50 to $0.80 and set a "neutral" rating on the stock in a report on Tuesday. Royal Bank of Canada reissued a "sector perform" rating and set a $2.00 price objective on shares of GrafTech International in a report on Monday, February 10th. Finally, BMO Capital Markets decreased their price objective on GrafTech International from $2.00 to $1.50 and set a "market perform" rating on the stock in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, GrafTech International currently has a consensus rating of "Hold" and a consensus target price of $1.63.

About GrafTech International

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.