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GT Advanced Technologies (NASDAQ:GTAT) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $19.56.

In other GT Advanced Technologies news, COO Daniel Squiller unloaded 15,000 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $20.05, for a total transaction of $300,750.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of GT Advanced Technologies (NASDAQ:GTAT) traded down 5.86% on Monday, hitting $15.1101. 7,542,205 shares of the company’s stock traded hands. GT Advanced Technologies has a 52-week low of $4.41 and a 52-week high of $20.54. The stock has a 50-day moving average of $17.44 and a 200-day moving average of $14.65. The company’s market cap is $2.061 billion. GT Advanced Technologies also was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 41,338,709 shares, a decline of 11.2% from the June 13th total of 46,557,421 shares. Based on an average daily volume of 7,847,870 shares, the short-interest ratio is currently 5.3 days. Approximately 30.5% of the shares of the company are sold short.

GT Advanced Technologies (NASDAQ:GTAT) last announced its earnings results on Wednesday, May 7th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.21) by $0.01. The company had revenue of $22.50 million for the quarter, compared to the consensus estimate of $26.94 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was down 61.1% on a year-over-year basis. On average, analysts predict that GT Advanced Technologies will post $0.07 earnings per share for the current fiscal year.

A number of research firms have recently commented on GTAT. Analysts at Canaccord Genuity downgraded shares of GT Advanced Technologies from a “buy” rating to a “hold” rating in a research note on Monday, July 7th. They now have a $20.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Stifel Nicolaus initiated coverage on shares of GT Advanced Technologies in a research note on Wednesday, May 28th. They set a “buy” rating and a $20.00 price target on the stock. Finally, analysts at Zacks downgraded shares of GT Advanced Technologies from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $17.10 price target on the stock.

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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