GT Advanced Technologies Target of Unusually High Options Trading (GTAT)
Shares of GT Advanced Technologies (NASDAQ:GTAT) was the recipient of unusually large options trading activity on Friday. Investors purchased 5,878 put options on the company, StockRatingsNetwork reports. This represents an increase of 983% compared to the typical daily volume of 543 put options.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of GT Advanced Technologies from $8.00 to $10.00 in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock. Separately, analysts at UBS AG upgraded shares of GT Advanced Technologies from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 19th. They now have a $10.00 price target on the stock, up previously from $5.50. Finally, analysts at Credit Suisse raised their price target on shares of GT Advanced Technologies from $4.50 to $5.00 in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.44.
GT Advanced Technologies (NASDAQ:GTAT) opened at 9.07 on Monday. GT Advanced Technologies has a one year low of $2.61 and a one year high of $9.22. The stock has a 50-day moving average of $7.28 and a 200-day moving average of $4.90. The company’s market cap is $1.093 billion.
GT Advanced Technologies (NASDAQ:GTAT) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.06. The company had revenue of $168.30 million for the quarter, compared to the consensus estimate of $169.01 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis.
GT Advanced Technologies Inc is diversified technology company with crystal growth equipment and solutions for the global solar, light emitting diode (NASDAQ:GTAT) and electronics industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.