GT Advanced Technologies Inc. Reaches New 12-Month High at $9.37 (GTAT)
GT Advanced Technologies (NASDAQ:GTAT)’s share price reached a new 52-week high during trading on Monday, Stock Ratings Network reports. The stock traded as high as $9.37 and last traded at $9.12, with a volume of 5,451,648 shares traded. The stock had previously closed at $8.63.
A number of analysts have recently weighed in on GTAT shares. 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $6.44.
GT Advanced Technologies has a one year low of $2.61 and a one year high of $9.22. The stock’s 50-day moving average is $7.83 and its 200-day moving average is $5.27. The company’s market cap is $1.100 billion.
GT Advanced Technologies (NASDAQ:GTAT) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts predict that GT Advanced Technologies will post $0.32 earnings per share for the current fiscal year.
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.
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