Intevac (IVAC) Getting Somewhat Favorable News Coverage, Study Finds

Media stories about Intevac (NASDAQ:IVAC) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Intevac earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the electronics maker an impact score of 46.445507081336 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

Several equities analysts have weighed in on the company. TheStreet downgraded Intevac from a “c+” rating to a “d+” rating in a research report on Monday, April 30th. Benchmark raised Intevac from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research report on Tuesday. B. Riley dropped their price target on Intevac from $6.50 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday. Zacks Investment Research raised Intevac from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Finally, ValuEngine raised Intevac from a “sell” rating to a “hold” rating in a research report on Monday, June 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Intevac currently has an average rating of “Hold” and a consensus price target of $7.13.

Shares of IVAC stock traded up $0.20 during mid-day trading on Thursday, hitting $4.85. 93,700 shares of the company’s stock were exchanged, compared to its average volume of 184,762. Intevac has a fifty-two week low of $4.50 and a fifty-two week high of $9.75. The stock has a market capitalization of $105.10 million, a price-to-earnings ratio of 28.53 and a beta of 0.80.

Intevac (NASDAQ:IVAC) last posted its quarterly earnings data on Monday, July 30th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.11. Intevac had a negative return on equity of 5.40% and a negative net margin of 4.30%. The business had revenue of $26.10 million for the quarter, compared to analysts’ expectations of $24.75 million. During the same quarter last year, the firm earned $0.05 earnings per share. sell-side analysts forecast that Intevac will post -0.25 EPS for the current year.

Intevac Company Profile

Intevac, Inc provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, Europe, and internationally. It operates in two segments, Thin-Film Equipment and Photonics. The Thin-film Equipment segment designs, manufactures, markets, and services disk sputtering, etch and deposition, and disk lubrication systems; and offers upgrades, spares, and consumables, as well as provides process and applications support, customer training, installation, start-up assistance, and post-installation support services.

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Insider Buying and Selling by Quarter for Intevac (NASDAQ:IVAC)

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