Why GT Advanced Technologies (GTAT) Stock Hit a One-Year Low Today

NEW YORK (TheStreet) -- Shares ofaGT Advanced Technologiesa plunged more than 90% to a 52-week low of 96 cents inamorning trading Monday after the company, which makes solar and LED equipment, announced it and its subsidiaries had filed for Chapter 11 for voluntary bankruptcy protection. The company, which supplies sapphire glass toaApplea for the tech giant's products, announced it had $85 million in cash as of September 29. It also said it had more than $1 billion in assets and liabilities. GT...