Intevac (NASDAQ:IVAC) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Intevac, Inc. (NASDAQ:IVAC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.84 and traded as high as $4.00. Intevac shares last traded at $4.00, with a volume of 71,508 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Intevac in a research report on Friday, May 16th. They issued a “sell” rating for the company.

Intevac Stock Performance

The company has a market cap of $108.54 million, a price-to-earnings ratio of -12.11 and a beta of 0.62. The firm’s 50-day moving average price is $4.00 and its 200 day moving average price is $3.84.

Hedge Funds Weigh In On Intevac

Hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC raised its position in shares of Intevac by 56.5% during the 4th quarter. Squarepoint Ops LLC now owns 76,256 shares of the electronics maker’s stock valued at $259,000 after acquiring an additional 27,532 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Intevac by 203.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 7,180 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Intevac by 11.3% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 277,390 shares of the electronics maker’s stock valued at $943,000 after purchasing an additional 28,200 shares during the last quarter. Marshall Wace LLP acquired a new position in Intevac in the fourth quarter valued at about $321,000. Finally, Boothbay Fund Management LLC boosted its holdings in Intevac by 49.2% during the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock worth $117,000 after buying an additional 11,353 shares during the last quarter. 60.27% of the stock is owned by institutional investors.

About Intevac

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.