Insider Buying: Intevac Director Buys $173,795 in Stock (IVAC)
Intevac (NASDAQ:IVAC) Director Matthew A. Drapkin acquired 24,582 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was purchased at an average cost of $7.07 per share, with a total value of $173,794.74. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Intevac (NASDAQ:IVAC) traded up 1.26% during mid-day trading on Tuesday, hitting $7.22. The stock had a trading volume of 115,129 shares. Intevac has a 1-year low of $4.82 and a 1-year high of $10.20. The stock has a 50-day moving average of $6.88 and a 200-day moving average of $7.73. The company’s market cap is $170.6 million.
Intevac (NASDAQ:IVAC) last released its earnings data on Monday, July 28th. The company reported ($0.20) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.26) earnings per share. Intevac’s revenue was down 13.4% compared to the same quarter last year. 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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