Intevac (NASDAQ:IVAC) Stock Passes Above 200 Day Moving Average – Should You Sell?

Intevac, Inc. (NASDAQ:IVAC)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.44 and traded as high as $4.00. Intevac shares last traded at $3.99, with a volume of 71,508 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Intevac in a research report on Saturday. They issued a “sell” rating on the stock.

Intevac Stock Down 0.2 %

The company has a market cap of $108.40 million, a P/E ratio of -12.09 and a beta of 0.62. The firm’s 50 day moving average is $3.82 and its two-hundred day moving average is $3.44.

Intevac Announces Dividend

The company also recently announced a special dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.052 dividend. The ex-dividend date of this dividend was Monday, March 24th. Intevac’s payout ratio is -60.61%.

Institutional Trading of Intevac

A number of large investors have recently bought and sold shares of IVAC. Peapod Lane Capital LLC bought a new stake in shares of Intevac during the 4th quarter valued at about $1,562,000. Marshall Wace LLP acquired a new position in Intevac in the fourth quarter valued at approximately $321,000. Gamco Investors INC. ET AL boosted its holdings in shares of Intevac by 13.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 590,428 shares of the electronics maker’s stock worth $2,007,000 after buying an additional 71,100 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Intevac by 7.8% during the 4th quarter. Renaissance Technologies LLC now owns 619,977 shares of the electronics maker’s stock worth $2,108,000 after buying an additional 44,804 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Intevac by 11.3% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 277,390 shares of the electronics maker’s stock valued at $943,000 after acquiring an additional 28,200 shares in the last quarter. 60.27% of the stock is currently 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.