GT Advanced Technologies (GTAT) to Release Quarterly Earnings on Monday
GT Advanced Technologies (NASDAQ:GTAT) is set to announce its Q214 earnings results on Monday, August 4th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $63.94 million for the quarter.
Shares of GT Advanced Technologies (NASDAQ:GTAT) opened at 13.84 on Friday. GT Advanced Technologies has a one year low of $5.00 and a one year high of $20.54. The stock’s 50-day moving average is $16.71 and its 200-day moving average is $15.14. The company’s market cap is $1.888 billion. GT Advanced Technologies also was the recipient of unusually large options trading activity on Tuesday. Traders bought 25,814 put options on the stock. This is an increase of approximately 810% compared to the average volume of 2,838 put options.
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. On a related note, 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $19.56.
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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