Why Vicor Stock Crashed Hard on Wednesday
Shares of power module manufacturer (NASDAQ: VICR) crashed hard on Wednesday. As of 1 p.m. ET, the stock was down 28.1% from Tuesday's closing price. The company reported solid third-quarter results on Tuesday evening, but many investors hit the sell button due to signs that sales would be weaker in the next few quarters.
Vicor's top line increased by 4.6% year over year, landing at $107.8 million. Earnings were $0.37 per share, a penny a share below the prior-year period's reading. The average analyst was looking for earnings near $0.31 per share on revenue in the neighborhood of $106.6 million.
So far, so good. Results like these tend to send stock prices skyward -- but Vicor's chart pointed straight down to the basement anyhow.
Source Fool.com
Vicor Corp. Aktie
Balancierte Ansichten bei der Vicor Corp. Aktie: Gleich viele Buy- und Sell-Einschätzungen.
Für Vicor Corp. sieht die Community ein Kursziel von 70 €, was mehr als das Doppelte des aktuellen Kurses von 30.59 € ausmacht.
