NEW YORK (TheStreet) -- GrafTech International (GTI) shares are down 19.7% to $5.84 on Wednesday, continuing the drop it experienced in after-hours trading yesterday, after the company lowered its full year 2014 guidance.
The graphite electrodes manufacturer lowered its EBITDA target range to between $105 million and $115 million, down from its previous estimate of between $135 million and $150 million.
The company now also expects operating cash flow between $95 million and $110 million, down from its previous $125 million to $140 million range.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
TheStreet Ratings team rates GRAFTECH INTERNATIONAL LTD as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate GRAFTECH INTERNATIONAL LTD (GTI) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: