Insider Buying: Intevac Director Acquires 124,153 Shares of Stock (IVAC)
Intevac (NASDAQ:IVAC) Director Matthew A. Drapkin bought 124,153 shares of the stock on the open market 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Intevac (NASDAQ:IVAC) traded down 1.88% on Wednesday, hitting $6.80. The stock had a trading volume of 19,967 shares. Intevac has a one year low of $4.82 and a one year high of $10.20. The stock has a 50-day moving average of $6.98 and a 200-day moving average of $7.76. The company’s market cap is $160.6 million.
Intevac (NASDAQ:IVAC) last posted its quarterly 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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