Share on StockTwits

GT Advanced Technologies (NASDAQ:GTAT) VP David W. Keck sold 64,326 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $15.11, for a total transaction of $971,965.86. Following the sale, the vice president now directly owns 44,991 shares in the company, valued at approximately $679,814. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of GT Advanced Technologies (NASDAQ:GTAT) traded up 5.29% on Monday, hitting $16.31. 8,261,575 shares of the company’s stock traded hands. GT Advanced Technologies has a 52 week low of $5.52 and a 52 week high of $20.54. The stock’s 50-day moving average is $16.01 and its 200-day moving average is $15.48. The company’s market cap is $2.240 billion. GT Advanced Technologies also saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 48,236,023 shares, a growth of 4.0% from the July 15th total of 46,384,897 shares. Based on an average trading volume of 9,105,905 shares, the short-interest ratio is presently 5.3 days. Approximately 35.6% of the company’s stock are sold short.

GT Advanced Technologies (NASDAQ:GTAT) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.14) by $0.02. The company had revenue of $58.00 million for the quarter, compared to the consensus estimate of $63.94 million. During the same quarter last year, the company posted $0.15 earnings per share. GT Advanced Technologies’s revenue was down 65.5% compared to the same quarter last year. On average, analysts predict that GT Advanced Technologies will post $0.02 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. 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 Dougherty & Co initiated coverage on shares of GT Advanced Technologies in a research note on Tuesday, May 13th. They set a “buy” rating and a $29.00 price target on the stock. Two investment 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 a consensus rating of “Buy” and an average target price of $19.83.

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.