Vectrus Inc. (VEC) Sees Strong Trading Volume
Vectrus Inc. (NYSE:VEC) saw unusually-high trading volume on Friday . Approximately 137,025 shares were traded during mid-day 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 report on Tuesday, May 24th.
The firm has a market capitalization of $283.14 million and a PE ratio of 8.81. The stock has a 50-day moving average of $31.64 and a 200-day moving average of $25.48.
Vectrus (NYSE:VEC) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.02. The business earned $307.90 million during the quarter, compared to the consensus estimate of $295.65 million. During the same quarter in the previous year, the company earned $0.56 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities analysts expect that Vectrus Inc. will post $2.29 EPS for the current fiscal year.
In other news, SVP Kelvin Coppock sold 2,000 shares of Vectrus stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $32.54, for a total value of $65,080.00. Following the completion of the transaction, the senior vice president now owns 6,792 shares in the company, valued at approximately $221,011.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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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