Zacks Upgrades GrafTech International to “Hold” (GTI)
ICC：GrafTech International (NYSE:GTI) was upgraded by Zacks from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday, AnalystRatings.NET reports.
According to Zacks, “GrafTech International Ltd. is one of the world’s largest manufacturers and providers of high quality natural and synthetic graphite and carbon based products and services, offering energy solutions to industry-leading customers worldwide engaged in the manufacture of steel, aluminum, silicon metal, automotive products and electronics. “
Shares of GrafTech International (NYSE:GTI) remained flat at $4.96 during during mid-day trading trading on Wednesday. The stock had a trading volume of 5,331,220 shares. GrafTech International has a 52 week low of $3.31 and a 52 week high of $10.72. The stock has a 50-day moving average of $5.02 and a 200-day moving average of $4.40. The company’s market cap is $680.41 million.
GrafTech International (NYSE:GTI) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.05. The company had revenue of $207.21 million for the quarter, compared to the consensus estimate of $239.60 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was down 26.2% on a year-over-year basis. Analysts expect that GrafTech International will post $-0.26 EPS for the current fiscal year.
Separately, analysts at Jefferies Group downgraded shares of GrafTech International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $7.50 to $5.05 in a research note on Friday, May 1st.