Intevac (NASDAQ:IVAC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Intevac, Inc. (NASDAQ:IVAC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.84 and traded as high as $4.00. Intevac shares last traded at $4.00, with a volume of 71,508 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on Intevac in a report on Friday, May 16th. They issued a “sell” rating on the stock.

Intevac Price Performance

The business has a 50 day simple moving average of $4.00 and a 200 day simple moving average of $3.84. The company has a market cap of $108.54 million, a price-to-earnings ratio of -12.11 and a beta of 0.62.

Institutional Investors Weigh In On Intevac

Hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC raised its stake in shares of Intevac by 203.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock worth $36,000 after acquiring an additional 7,180 shares during the last quarter. Boothbay Fund Management LLC increased its holdings in shares of Intevac by 49.2% in the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock valued at $117,000 after purchasing an additional 11,353 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Intevac by 32.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock valued at $135,000 after purchasing an additional 9,700 shares in the last quarter. Virtu Financial LLC bought a new position in Intevac in the 1st quarter worth approximately $155,000. Finally, Squarepoint Ops LLC lifted its holdings in Intevac by 56.5% during the 4th quarter. Squarepoint Ops LLC now owns 76,256 shares of the electronics maker’s stock worth $259,000 after buying an additional 27,532 shares in the last quarter. 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.