Insider Buying: Matthew A. Drapkin Buys 124,153 Shares of Intevac Stock (IVAC)
Intevac (NASDAQ:IVAC) Director Matthew A. Drapkin acquired 124,153 shares of Intevac stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of $6.66 per share, with a total value of $826,858.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Intevac (NASDAQ:IVAC) traded up 2.09% during mid-day trading on Monday, hitting $6.83. 64,863 shares of the company’s stock traded hands. Intevac has a 52 week low of $4.82 and a 52 week high of $10.20. The stock has a 50-day moving average of $7.05 and a 200-day moving average of $7.7. The company’s market cap is $161.4 million.
Intevac (NASDAQ:IVAC) last posted its earnings results on Monday, July 28th. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.23) by $0.03. The company had revenue of $14.70 million for the quarter, compared to the consensus estimate of $13.10 million. During the same quarter in the prior year, the company posted ($0.26) earnings per share. The company’s quarterly revenue was down 13.4% on a year-over-year basis. Analysts expect that Intevac will post $-0.52 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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