Vectrus Inc. (VEC) Sees Unusually-High Trading Volume
Vectrus Inc. (NYSE:VEC) saw unusually-high trading volume on Friday . Approximately 137,025 shares traded hands during trading, an increase of 5% from the previous session’s volume of 130,699 shares.The stock last traded at $25.98 and had previously closed at $26.91.
Separately, Zacks Investment Research cut Vectrus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 24th.
The firm has a market capitalization of $283.14 million and a P/E ratio of 8.81. The company’s 50-day moving average is $31.64 and its 200-day moving average is $25.48.
Vectrus (NYSE:VEC) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.02. The business earned $307.90 million during the quarter, compared to analysts’ expectations of $295.65 million. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS. On average, equities analysts anticipate that Vectrus Inc. will post $2.29 earnings per share for the current year.
In other Vectrus news, SVP Kelvin Coppock sold 2,000 shares of the firm’s stock in a transaction dated 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 directly owns 6,792 shares in the company, valued at approximately $221,011.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
An institutional investor recently bought a new position in Vectrus stock. Ameriprise Financial Inc. purchased a new position in Vectrus Inc. (NYSE:VEC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 98,167 shares of the company’s stock, valued at approximately $2,051,000. Ameriprise Financial Inc. owned about 0.93% of Vectrus as of its most recent SEC filing.
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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