On Friday, GrafTech International Ltd. (NYSE: EAF) shares price traded between $11.28 and $11.58 during the last trading session downbeat with -0.09% at $11.52. The shares recorded a trading volume 828,757 shares as compared to its average volume of 1,274,584 shares. The company has 290.56M shares outstanding and market value of 3.332B. Over the one year trading period, the stock has a peak price of $23.21 and its down is recorded at $9.60. The short ratio in the EAF stock is 8.96 and the short float is around of 3.94%.
GrafTech International Ltd. (NYSE: EAF) recently reported financial results for the quarter ended March 31, 2019, including net income of $197M, or $0.68 per share, and Adjusted EBITDA from continuing operations of $284M.
Net sales for the quarter ended March 31, 2019 increased to $475M contrast to $452M in the first quarter of 2018. The improvement was primarily Because of higher sales volumes of GrafTech manufactured graphite electrodes. These sales volumes increased to 45 thousand metric tons (MT) from 42 thousand metric tons in the previous year period. The weighted average realized price of these graphite electrodes was $9,954 per metric ton, in line with the previous year period.
Net income for the first quarter of 2019 reduced to $197M, or $0.68 per share, contrast to $224M, or $0.74 per share in the first quarter of 2018. Adjusted EBITDA from continuing operations also reduced to $284M in the first quarter of 2019 contrast to $310M in the first quarter of 2018. Higher graphite electrode sales volumes were offset by higher cost of sales Because of higher prices for third party needle coke.
Cash flow from operating activities increased to $157M in the first quarter of 2019 from $141M in the comparable period of 2018. tax payments totaled about $61M in the first quarter of 2019, but were negligible in the previous year period.