Stocks of GrafTech International Ltd. (NYSE:EAF) traded higher last session on Wall Street, down -3.21% to $1.51.
EAF stock price is now 68.56% away from the 50-day moving average and 13.29% away from the 200-day moving average. The market capitalization of the company currently stands at $388.33M.
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On January 16, 2024, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $2, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, Colonial House Capital Ltd, 10% Owner bought 332,770 shares of the company’s stock on May 17 ’24. The stock was bought for $572,897 at an average price of $1.72. Upon completion of the transaction, the 10% Owner now directly owns 31,358,061 shares in the company, valued at $47.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10 ’24, 10% Owner Colonial House Capital Ltd bought 500,000 shares of the business’s stock. A total of $870,250 was incurred on buying the stock at an average price of $1.74. This leaves the insider owning 31,025,291 shares of the company worth $46.85 million. A total of 39.21% of the company’s stock is owned by insiders.
During the past 12 months, GrafTech International Ltd. has had a low of $0.52 and a high of $3.89. As of last week, the company has a debt-to-equity ratio of 57.15, a current ratio of 4.22, and a quick ratio of 2.01. The fifty day moving average price for EAF is $0.89582 and a two-hundred day moving average price translates $1.33287 for the stock.
The latest earnings results from GrafTech International Ltd. (NYSE: EAF) was released for 2024-06-30. The net profit margin was -50.11% and return on equity was -169.50% for EAF. The company reported revenue of $137.33 million for the quarter, compared to $185.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.99 percent.
