GT Advanced Stock Hits New 52-Week Low (GTAT)

NEW YORK ( TheStreet) -- GT Advanced Technologies (Nasdaq: GTAT) hit a new 52-week low Friday as it is currently trading at $3.96, below its previous 52-week low of $4 with 921,507 shares traded as of 10:15 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.

GT Advanced has a market cap of $510.1 million and is part of the technology sector and electronics industry. Shares are down 42% year to date as of the close of trading on Thursday.

GT Advanced Technologies Inc. provides polysilicon production technology and multicrystalline ingot growth systems, and related photovoltaic (PV) manufacturing services for the solar industry worldwide. It also offers sapphire growth systems and material for the LED and other specialty markets. The company has a P/E ratio of three, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates GT Advanced as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and attractive valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full GT Advanced Ratings Report.

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