Intevac (NASDAQ:IVAC) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Intevac, Inc. (NASDAQ:IVAC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.44 and traded as high as $3.46. Intevac shares last traded at $3.40, with a volume of 59,051 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IVAC shares. StockNews.com assumed coverage on Intevac in a research report on Wednesday. They set a “hold” rating on the stock. Benchmark reaffirmed a “hold” rating on shares of Intevac in a research report on Tuesday, November 12th.

Intevac Trading Up 1.5 %

The company’s 50-day moving average is $3.05 and its 200 day moving average is $3.44. The stock has a market capitalization of $93.06 million, a PE ratio of -10.45 and a beta of 0.74.

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

Institutional Trading of Intevac

Several large investors have recently added to or reduced their stakes in the company. Acuitas Investments LLC lifted its stake in Intevac by 55.1% during the 2nd quarter. Acuitas Investments LLC now owns 285,260 shares of the electronics maker’s stock valued at $1,101,000 after acquiring an additional 101,344 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Intevac by 7.1% during the second quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker’s stock worth $2,124,000 after purchasing an additional 36,600 shares during 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 valued at $256,000 after purchasing an additional 13,144 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Intevac in the second quarter valued at $144,000. Finally, Royce & Associates LP grew its position in Intevac by 1.2% during the 3rd quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock worth $12,056,000 after purchasing an additional 43,052 shares during the period. Hedge funds and other institutional investors own 60.27% of the company’s stock.

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.