Gilford Securities on GT Advanced Technologies: "Time to Accumulate"

Gilford Securities provided color on GT Advanced Technologies

in a research report published today. Gilford Securities has a Buy rating on the company. In the report, Gilford Securities stated, "GTAT stock, which has pulled back by around 25% in the past two months, already reflects the potential downward revision of estimates." Later in the report, Gilford Securities noted, "In our opinion, the stock at current level reflects this potential revision. As a result, we believe the downward revision could be the trigger for the stock to start moving up. We expect the street to start revising estimates sometime around the earnings date which is 5/16/2012." Shares of GT Advanced Technologies closed today at $6.12, down 2.39% from Monday's market close.