Insider Selling: Vicor Corp. (VICR) Director Sells 10,000 Shares of Stock
Vicor Corp. (NASDAQ:VICR) Director David T. Riddiford sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $14.83, for a total transaction of $148,300.00. Following the transaction, the director now owns 89,027 shares in the company, valued at approximately $1,320,270.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Vicor Corp. (NASDAQ:VICR) traded down 3.58% on Tuesday, reaching $14.80. 39,667 shares of the company were exchanged. The stock’s market capitalization is $575.05 million. The firm’s 50 day moving average price is $13.06 and its 200 day moving average price is $11.27. Vicor Corp. has a 52 week low of $7.00 and a 52 week high of $15.35.
Vicor Corp. (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.06 earnings per share (EPS) 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 the consensus estimate of $48.66 million. Equities research analysts anticipate that Vicor Corp. will post $0.25 EPS for the current year.
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Separately, TheStreet upgraded shares of Vicor Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th.
Vicor Corp. Company Profile
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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