Vectrus Inc. (VEC) Stock Price Down 18.2%
Vectrus Inc. (NYSE:VEC) traded down 18.2% during mid-day trading on Thursday . The stock traded as low as $25.15 and last traded at $27.60, with a volume of 500,392 shares changing hands. The stock had previously closed at $33.74.
Separately, Zacks Investment Research downgraded Vectrus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 24th.
The stock has a market cap of $283.14 million and a PE ratio of 8.81. The firm has a 50-day moving average of $31.64 and a 200-day moving average of $25.48.
Vectrus (NYSE:VEC) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The firm earned $307.90 million during the quarter, compared to analysts’ expectations of $295.65 million. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $0.56 EPS. On average, equities analysts forecast that Vectrus Inc. will post $2.29 earnings per share for the current fiscal year.
In other news, SVP Kelvin Coppock sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $32.54, for a total transaction of $65,080.00. Following the completion of the sale, the senior vice president now owns 6,792 shares in the company, valued at $221,011.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
An institutional investor recently bought a new position in Vectrus stock. Ameriprise Financial Inc. acquired a new stake in shares of Vectrus Inc. (NYSE:VEC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 98,167 shares of the company’s stock, valued at approximately $2,051,000. Ameriprise Financial Inc. owned 0.93% of Vectrus as of its most recent filing with the SEC.
Vectrus, Inc is a provider of services to the United States Government across the world. The Company offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. Its infrastructure asset management services support the United States Army, Air Force and Navy, and include infrastructure services, security, warehouse management and distribution, ammunition management, civil engineering, air base maintenance and operations, communications, emergency services, transportation, and life support activities at various global military installations.
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