Intevac (NASDAQ:IVAC) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Intevac, Inc. (NASDAQ:IVAC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.40 and traded as high as $3.49. Intevac shares last traded at $3.44, with a volume of 62,627 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Benchmark restated a “hold” rating on shares of Intevac in a research report on Tuesday, November 12th. StockNews.com assumed coverage on Intevac in a research report on Wednesday, January 1st. They issued a “hold” rating on the stock.

Intevac Stock Up 1.5 %

The company has a market cap of $92.78 million, a PE ratio of -10.42 and a beta of 0.66. The stock has a 50-day simple moving average of $3.13 and a 200 day simple moving average of $3.40.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%. The business had revenue of $28.51 million during the quarter.

Institutional Investors Weigh In On Intevac

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of Intevac in the third quarter valued at $49,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Intevac in the second quarter valued at $144,000. Marquette Asset Management LLC grew its stake in shares of Intevac by 29.0% in the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock valued at $225,000 after buying an additional 14,888 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Intevac by 24.7% in the second quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock valued at $256,000 after buying an additional 13,144 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Intevac by 9.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock worth $382,000 after purchasing an additional 10,013 shares in the last quarter. 60.27% of the stock is owned by institutional investors and hedge funds.

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.