GT Advanced Technologies Inc. Hits New 52-Week High at $10.76 (GTAT)
GT Advanced Technologies (NASDAQ:GTAT) set a new 52-week high during trading hours on Friday, AR Network reports. The company traded as high as $10.76 and last traded at $10.74, with a volume of 14,684,518 shares. The stock had previously closed at $9.45.
Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of GT Advanced Technologies in a research note to investors on Saturday, November 23rd. They now have a $13.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $11.34.
In other GT Advanced Technologies news, CFO Richard Gaynor sold 124,250 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $10.21, for a total transaction of $1,268,592.50. Following the completion of the sale, the chief financial officer now directly owns 103,407 shares in the company, valued at approximately $1,055,785. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
GT Advanced Technologies has a 52-week low of $2.61 and a 52-week high of $10.76. The stock’s 50-day moving average is $9.24 and its 200-day moving average is $8.11. The company’s market cap is $1.312 billion.
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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