GT Advanced Technologies (GTAT) to Release Earnings on Monday
GT Advanced Technologies (NASDAQ:GTAT) will be releasing its Q413 earnings data on Monday, February 24th. Analysts expect GT Advanced Technologies to post earnings of ($0.35) per share and revenue of $37.38 million for the quarter.
Shares of GT Advanced Technologies (NASDAQ:GTAT) opened at 12.50 on Friday. GT Advanced Technologies has a 1-year low of $2.61 and a 1-year high of $12.89. The stock’s 50-day moving average is $9.98 and its 200-day moving average is $8.53. The company’s market cap is $1.527 billion. GT Advanced Technologies also saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 30,692,459 shares, a decline of 6.6% from the January 15th total of 32,867,883 shares. Based on an average daily trading volume, of 6,049,138 shares, the short-interest ratio is presently 5.1 days. Approximately 23.4% of the shares of the stock are short sold.
A number of research firms have recently commented on GTAT. Analysts at Canaccord Genuity raised their price target on shares of GT Advanced Technologies from $13.00 to $15.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Analysts at Bank of America reiterated a “buy” rating on shares of GT Advanced Technologies in a research note on Saturday, November 23rd. They now have a $13.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. GT Advanced Technologies has a consensus rating of “Buy” and an average price target of $11.63.
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.