NEW YORK ( TheStreet) -- Shares of Intevac (Nasdaq: IVAC) were gapping down Tuesday morning with an open price 16.4% lower than Monday's closing price. The stock closed at $8.05 Monday and opened today's trading at $6.73. The average volume for Intevac has been 100,100 shares per day over the past 30 days. Intevac has a market cap of $190.6 million and is part of the technology sector and electronics industry. Shares are down 42.5% year to date as of the close of trading on Monday. Intevac, Inc. provides manufacturing equipment and solutions to the hard disk drive industry; and offers productivity solutions to the photovoltaic and semiconductor industries. The company operates in two segments, Equipment and Intevac Photonics. The company has a P/E ratio of 41.6, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Intevac as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Intevac Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.
The most recent short interest data was recently released by the NASDAQ for the 11/14/2014 settlement date, and Intevac, Inc. is one of the most shorted stocks of the Russell 3000, based on 23.81 "days to cover" versus the median component at 5.85.