Intevac (NASDAQ:IVAC) Stock Rating Lowered by StockNews.com

Intevac (NASDAQ:IVAC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Intevac Stock Performance

Shares of Intevac stock traded up $0.30 on Friday, reaching $4.39. The company had a trading volume of 177,033 shares, compared to its average volume of 70,942. The firm has a market cap of $116.69 million, a PE ratio of -9.34 and a beta of 0.73. The firm’s 50 day moving average price is $3.83 and its two-hundred day moving average price is $3.89. Intevac has a 52-week low of $3.07 and a 52-week high of $6.48.

Intevac (NASDAQ:IVAC) last announced its quarterly earnings data on Thursday, April 25th. The electronics maker reported ($0.10) earnings per share for the quarter. The business had revenue of $9.63 million during the quarter. Intevac had a negative net margin of 23.15% and a negative return on equity of 9.31%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its holdings in Intevac by 41.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 552,435 shares of the electronics maker’s stock worth $1,718,000 after acquiring an additional 160,935 shares in the last quarter. Palogic Value Management L.P. grew its holdings in Intevac by 22.1% during the 4th quarter. Palogic Value Management L.P. now owns 372,457 shares of the electronics maker’s stock worth $1,609,000 after acquiring an additional 67,457 shares in the last quarter. Gabelli Funds LLC grew its holdings in Intevac by 11.2% during the 4th quarter. Gabelli Funds LLC now owns 352,680 shares of the electronics maker’s stock worth $1,524,000 after acquiring an additional 35,628 shares in the last quarter. Teton Advisors Inc. grew its holdings in Intevac by 3.3% during the 3rd quarter. Teton Advisors Inc. now owns 317,000 shares of the electronics maker’s stock worth $986,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Potomac Capital Management Inc. grew its holdings in Intevac by 48.6% during the 3rd quarter. Potomac Capital Management Inc. now owns 260,000 shares of the electronics maker’s stock worth $809,000 after acquiring an additional 85,000 shares in the last quarter. Institutional investors and hedge funds 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.