GT Advanced Technologies Inc. (GTAT) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for GTAT, as the stock is now up 27.9% since Feb 5.
This company in Technology sector has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t changed either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
GTAT currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same space include Integrated Device Technology, Inc. (IDTI), Lattice Semiconductor Corporation (LSCC) and Pericom Semiconductor Corp. (PSEM). All these stocks sport a Zacks Rank #1 (Strong Buy).
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