Intevac (NASDAQ:IVAC) Announces Quarterly Earnings Results

Intevac (NASDAQ:IVAC) posted its quarterly earnings data on Monday. The electronics maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.07, Zacks reports. The firm had revenue of $28.51 million during the quarter. Intevac had a negative net margin of 15.08% and a negative return on equity of 6.80%.

Intevac Stock Down 22.9 %

Shares of NASDAQ IVAC traded down $0.75 during trading on Tuesday, reaching $2.55. The company had a trading volume of 1,356,496 shares, compared to its average volume of 78,555. The company’s fifty day moving average price is $3.41 and its 200-day moving average price is $3.71. Intevac has a 12 month low of $2.46 and a 12 month high of $4.57. The stock has a market cap of $68.55 million, a P/E ratio of -8.35 and a beta of 0.79.

Analysts Set New Price Targets

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

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.