Intevac, Inc. (NASDAQ:IVAC – Get Free Report) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 838,200 shares, a decrease of 11.7% from the May 31st total of 949,400 shares. Based on an average daily volume of 79,300 shares, the short-interest ratio is presently 10.6 days.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Intevac from a “sell” rating to a “hold” rating in a research report on Tuesday.
Get Our Latest Stock Analysis on Intevac
Institutional Trading of Intevac
Intevac Trading Down 1.8 %
IVAC stock traded down $0.07 during mid-day trading on Wednesday, hitting $3.75. The stock had a trading volume of 20,929 shares, compared to its average volume of 95,084. Intevac has a 1-year low of $3.07 and a 1-year high of $4.57. The company has a fifty day moving average of $4.00 and a 200 day moving average of $4.00. The stock has a market capitalization of $99.68 million, a price-to-earnings ratio of -10.05 and a beta of 0.82.
Intevac (NASDAQ:IVAC – Get Free Report) last issued its earnings results on Thursday, April 25th. The electronics maker reported ($0.10) earnings per share for the quarter. The firm had revenue of $9.63 million during the quarter. Intevac had a negative return on equity of 8.17% and a negative net margin of 19.52%.
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.
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