Vicor (NASDAQ:VICR) Shares Down 5.8% - Here's Why

Vicor Corporation (NASDAQ:VICR - Get Free Report)'s stock price was down 5.8% during trading on Tuesday . The company traded as low as $44.68 and last traded at $45.05. Approximately 97,549 shares traded hands during trading, a decline of 60% from the average daily volume of 242,151 shares. The stock had previously closed at $47.80.

Vicor Stock Down 5.4%

The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 86.92 and a beta of 1.75. The stock's 50 day moving average price is $44.79 and its two-hundred day moving average price is $48.47.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.73. Vicor had a net margin of 6.27% and a return on equity of 4.13%.

Institutional Trading of Vicor

Several institutional investors have recently modified their holdings of VICR. Optimum Investment Advisors acquired a new position in shares of Vicor during the 1st quarter worth $26,000. Manchester Capital Management LLC grew its stake in shares of Vicor by 76.8% during the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock worth $29,000 after purchasing an additional 265 shares during the period. Strs Ohio acquired a new position in shares of Vicor during the 1st quarter worth $56,000. KBC Group NV acquired a new position in shares of Vicor during the 1st quarter worth $57,000. Finally, Headlands Technologies LLC acquired a new position in shares of Vicor during the 4th quarter worth $140,000. Hedge funds and other institutional investors own 47.45% of the company's stock.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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