GT Advanced Technologies Inc (NASDAQ:GTAT) Moves Up Smartly

Posted by admin October 7, 2013 0 Comment 1304 views

In Friday’s trading, GT Advanced Technologies Inc (NASDAQ:GTAT) rose by 3.42%. The opening price of the shares was $8.79, which climbed to an intraday high of $9.22 and dipped to a close of $9.07. Approximately 6.10 million shares were traded on Friday while an average volume of 4.48 million shares were traded over a 30 day period. The 52-week low of GT Advanced Technologies Inc (NASDAQ:GTAT) shares is $2.61 and its 52-week high is $9.22. The company has a market capitalization of $1.12 million. .

About the company

GT Advanced Technologies Inc (NASDAQ:GTAT) was incorporated on 27 September 2006. It is a diversified-technology company that provides crystal-growth equipment and other  solutions that are used in the global solar, LED and electronics industries. It operates in 3 business segments: 1) polysilicon business, 2) photovoltaic (PV), business and 3) sapphire business.

It main products are Silicon-Deposition-Reactors (SDR) and other related equipment that is used in the production of polysilicon which is the main raw-material that is used in silicon based solar-wafers and cells. Advanced sapphire crystallization-furnaces are used in the crystallization of sapphire-boules, and Directional solidification furnaces as well as other related-equipment that is used to cast multi-crystalline and MonoCast-crystalline silicon ingots.

On 7 January 2013, it announced that its Hazlewood HiCz pilot manufacturing-facility has been idled.  On 8 November 2012, it acquired some Twin Creeks Technologies, Inc assets. In 2013 it acquired the Thermal Technology LLC business.

PV Business

The company’s PV business focuses on developing, manufacturing and selling  crystallization growth-furnaces that are used in the production of silicon ingots that are used solar wafers production.  Its primary product-line has been a part of the DSS family of casting-furnaces that are mainly used to produce multi-crystalline MonoCast ingots and ingots and. As of 31 December 2012, it shipped around 3,300 DSS crystallization-furnaces.

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