Intevac (NASDAQ:IVAC) Posts Earnings Results

Intevac (NASDAQ:IVAC) released its earnings results on Monday. The electronics maker reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.07, Zacks reports. The company had revenue of $28.51 million during the quarter. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%.

Intevac Price Performance

NASDAQ:IVAC opened at $2.51 on Thursday. The firm has a market capitalization of $67.59 million, a P/E ratio of -7.61 and a beta of 0.79. The business has a 50 day simple moving average of $3.37 and a 200 day simple moving average of $3.69. Intevac has a 12-month low of $2.46 and a 12-month high of $4.57.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Benchmark restated a “hold” rating on shares of Intevac in a research note on Tuesday. StockNews.com began coverage on shares of Intevac in a report on Thursday. They issued a “hold” rating for the company.

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.