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Intevac (NASDAQ:IVAC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, Analyst Ratings News reports. They currently have a $7.00 target price on the stock. Zacks‘ target price suggests a potential downside of 7.28% from the company’s current price.

Shares of Intevac (NASDAQ:IVAC) traded up 3.99% during mid-day trading on Tuesday, hitting $7.55. The stock had a trading volume of 52,044 shares. Intevac has a 52-week low of $4.25 and a 52-week high of $8.92. The stock has a 50-day moving average of $7.94 and a 200-day moving average of $6.43. The company’s market cap is $180.8 million.

Intevac (NASDAQ:IVAC) last released its earnings data on Wednesday, January 29th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.13) by $0.05. The company had revenue of $20.60 million for the quarter, compared to the consensus estimate of $19.28 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Analysts expect that Intevac will post $-0.48 EPS for the current fiscal year.

Intevac, Inc (NASDAQ:IVAC) provides process manufacturing equipment solutions to the hard disk drive industry and manufacturing equipment and inspection solutions to the photovoltaic (PV) industry.

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