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GT Advanced Technologies (NASDAQ:GTAT) has been given an average rating of “Buy” by the eleven analysts that are presently covering the stock, Analyst RN reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $19.68.

In other GT Advanced Technologies news, VP Jeffrey John Ford sold 30,492 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $15.30, for a total value of $466,527.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on GTAT shares. Analysts at Credit Agricole downgraded shares of GT Advanced Technologies from an “outperform” rating to an “underperform” rating in a research note on Wednesday. They now have a $19.00 price target on the stock, up previously from $18.00. Separately, analysts at Cowen and Company initiated coverage on shares of GT Advanced Technologies in a research note on Tuesday, August 12th. They set an “outperform” rating and a $19.00 price target on the stock. Finally, 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.

Shares of GT Advanced Technologies (NASDAQ:GTAT) opened at 17.66 on Friday. GT Advanced Technologies has a one year low of $6.22 and a one year high of $20.54. The stock has a 50-day moving average of $15.7 and a 200-day moving average of $15.84. The company’s market cap is $2.429 billion.

GT Advanced Technologies (NASDAQ:GTAT) last released its earnings data on Monday, August 4th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 65.5% on a year-over-year basis. On average, analysts predict that GT Advanced Technologies will post $0.11 earnings per share for the current fiscal year.

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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