Intevac (NASDAQ:IVAC) Share Price Passes Above 200 Day Moving Average of $3.94

Intevac, Inc. (NASDAQ:IVAC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.94 and traded as high as $4.20. Intevac shares last traded at $4.18, with a volume of 80,286 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Intevac from a “hold” rating to a “sell” rating in a research note on Friday, April 26th.

Intevac Trading Down 0.7 %

The firm has a 50 day moving average of $3.89 and a 200-day moving average of $3.94. The company has a market cap of $111.10 million, a P/E ratio of -11.00 and a beta of 0.72.

Intevac (NASDAQ:IVAC) last released its quarterly earnings data on Thursday, April 25th. The electronics maker reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $9.63 million for the quarter. Intevac had a negative net margin of 19.52% and a negative return on equity of 8.17%.

Hedge Funds Weigh In On Intevac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVAC. Gamco Investors INC. ET AL boosted its position in shares of Intevac by 41.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 552,435 shares of the electronics maker’s stock valued at $1,718,000 after acquiring an additional 160,935 shares during the last quarter. Palogic Value Management L.P. raised its stake in Intevac by 22.1% during the fourth quarter. Palogic Value Management L.P. now owns 372,457 shares of the electronics maker’s stock valued at $1,609,000 after purchasing an additional 67,457 shares in the last quarter. Gabelli Funds LLC lifted its position in Intevac by 11.2% during the fourth quarter. Gabelli Funds LLC now owns 352,680 shares of the electronics maker’s stock valued at $1,524,000 after purchasing an additional 35,628 shares during the last quarter. Teton Advisors Inc. grew its stake in shares of Intevac by 3.3% in the 3rd quarter. Teton Advisors Inc. now owns 317,000 shares of the electronics maker’s stock worth $986,000 after buying an additional 10,000 shares in the last quarter. Finally, Potomac Capital Management Inc. increased its holdings in shares of Intevac by 48.6% in the 3rd quarter. Potomac Capital Management Inc. now owns 260,000 shares of the electronics maker’s stock worth $809,000 after buying an additional 85,000 shares during the last quarter. 60.27% of the stock is owned by institutional investors.

Intevac Company Profile

Intevac, Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing thin-film processing systems in the United States, Europe, and Asia. It designs, develops, and markets vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive, advanced coatings, and other adjacent thin-film markets.