GrafTech International Ltd. (NYSE:EAF) CFO Rory F. O’donnell Buys 50,000 Shares of Stock

GrafTech International Ltd. (NYSE:EAF) CFO Rory F. O’donnell bought 50,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $1.04 per share, with a total value of $52,000.00. Following the completion of the transaction, the chief financial officer now owns 100,000 shares in the company, valued at $104,000. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

GrafTech International Stock Performance

Shares of EAF opened at $1.10 on Friday. The stock has a 50-day simple moving average of $1.67 and a 200-day simple moving average of $1.44. The stock has a market capitalization of $281.60 million, a PE ratio of -0.94 and a beta of 0.97. GrafTech International Ltd. has a 1 year low of $0.52 and a 1 year high of $2.53. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.98 and a current ratio of 3.79.

GrafTech International (NYSE:EAF) last posted its earnings results on Wednesday, February 12th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.01. GrafTech International had a negative return on equity of 459.99% and a negative net margin of 55.21%. During the same quarter in the previous year, the business earned ($0.27) earnings per share. On average, analysts predict that GrafTech International Ltd. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GrafTech International

Institutional investors have recently added to or reduced their stakes in the business. Cibc World Markets Corp purchased a new stake in GrafTech International during the fourth quarter worth approximately $42,000. Sonora Investment Management Group LLC lifted its stake in GrafTech International by 31.8% during the fourth quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock worth $50,000 after purchasing an additional 7,000 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in GrafTech International during the fourth quarter worth approximately $73,000. Public Employees Retirement System of Ohio lifted its stake in GrafTech International by 55.0% during the third quarter. Public Employees Retirement System of Ohio now owns 51,115 shares of the company’s stock worth $67,000 after purchasing an additional 18,130 shares during the last quarter. Finally, Tyler Stone Wealth Management lifted its stake in GrafTech International by 113.3% during the third quarter. Tyler Stone Wealth Management now owns 61,100 shares of the company’s stock worth $81,000 after purchasing an additional 32,450 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EAF shares. JPMorgan Chase & Co. upgraded GrafTech International from an “underweight” rating to a “neutral” rating in a research note on Friday, December 6th. BMO Capital Markets decreased their price objective on GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a research note on Monday. Citigroup lifted their price objective on GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $2.00 price objective on shares of GrafTech International in a research note on Monday.

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.