Insider Selling: Vicor Corp. (VICR) Director Sells 4,000 Shares of Stock
Vicor Corp. (NASDAQ:VICR) Director Estia J. Eichten sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $15.00, for a total value of $60,000.00. Following the sale, the director now directly owns 365,079 shares of the company’s stock, valued at $5,476,185. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Vicor Corp. (NASDAQ:VICR) traded up 0.33% on Wednesday, reaching $15.05. The company had a trading volume of 26,747 shares. The stock’s market capitalization is $584.77 million. Vicor Corp. has a 12 month low of $7.00 and a 12 month high of $15.10. The firm has a 50 day moving average price of $12.75 and a 200-day moving average price of $11.14.
Vicor Corp. (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.06 earnings per share for the quarter. Vicor Corp. had a negative return on equity of 4.01% and a negative net margin of 2.61%. The firm earned $53.23 million during the quarter, compared to analysts’ expectations of $48.66 million. Analysts forecast that Vicor Corp. will post $0.25 earnings per share for the current fiscal year.
Separately, TheStreet raised Vicor Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 6th.
About Vicor Corp.
Vicor Corporation designs, develops, manufactures and markets modular power components and power systems for converting, regulating and controlling electric current. The Company offers a range of subsystems, utilizing its modular components. Its segments include Brick Business Unit (BBU), VI Chip and Picor.
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