Intevac (NASDAQ:IVAC) Issues Earnings Results

Intevac (NASDAQ:IVAC) issued its earnings results on Monday. The electronics maker reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07, Zacks reports. Intevac had a negative return on equity of 6.80% and a negative net margin of 15.08%. The company had revenue of $28.51 million during the quarter.

Intevac Price Performance

IVAC stock traded down $0.75 on Tuesday, reaching $2.55. 1,356,496 shares of the company were exchanged, compared to its average volume of 78,555. The firm has a market capitalization of $68.55 million, a PE ratio of -8.35 and a beta of 0.79. Intevac has a 12 month low of $2.46 and a 12 month high of $4.57. The stock’s fifty day moving average price is $3.41 and its 200 day moving average price is $3.71.

Analyst Upgrades and Downgrades

IVAC has been the topic of a number of research analyst reports. Benchmark reiterated a “hold” rating on shares of Intevac in a research note on Tuesday. StockNews.com started coverage on Intevac in a research note on Wednesday, November 6th. They issued a “hold” rating on the 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.