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

Intevac, Inc. (NASDAQ:IVAC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

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

Intevac Stock Up 1.5 %

The firm has a market cap of $92.78 million, a PE ratio of -10.42 and a beta of 0.66. The firm has a 50-day moving average price of $3.13 and a two-hundred day moving average price of $3.40.

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

Hedge Funds Weigh In On Intevac

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in Intevac during the third quarter worth approximately $49,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Intevac during the second quarter worth approximately $144,000. Marquette Asset Management LLC lifted its position in Intevac by 29.0% during the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after buying an additional 14,888 shares in the last quarter. Squarepoint Ops LLC lifted its position in Intevac by 24.7% during the second quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock worth $256,000 after buying an additional 13,144 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Intevac by 9.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock worth $382,000 after buying an additional 10,013 shares in the last quarter. Hedge funds and other institutional investors own 60.27% of the company’s stock.

About Intevac

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.