Price Action to Note: What’s in Vectrus Inc After Today’s Gap Down?

Price Action to Note: What's in Vectrus Inc After Today's Gap Down?

The stock of Vectrus Inc (NYSE:VEC) gapped down by $8.7 today and has $13.71 target or 10.00% below today’s $15.23 share price. The 7 months technical chart setup indicates high risk for the $161.55 million company. The gap down was reported on Oct, 1 by Barchart.com. If the $13.71 price target is reached, the company will be worth $16.16 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 45.00% or $12.46 on September 30, hitting $15.23. About 2.55 million shares traded hands or 2194.24% up from the average. Vectrus Inc (NYSE:VEC) has declined 20.88% since February 29, 2016 and is downtrending. It has underperformed by 31.31% the S&P500.

Analysts await Vectrus Inc (NYSE:VEC) to report earnings on November, 2. They expect $0.55 EPS, down 15.38% or $0.10 from last year’s $0.65 per share. VEC’s profit will be $5.83M for 6.92 P/E if the $0.55 EPS becomes a reality. After $0.55 actual EPS reported by Vectrus Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Vectrus Inc (NYSE:VEC) Ratings Coverage

Out of 2 analysts covering Vectrus Inc (NYSE:VEC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Vectrus Inc has been the topic of 4 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, January 8 by Sidoti. Sidoti initiated the shares of VEC in a report on Tuesday, October 27 with “Neutral” rating. BB&T Capital initiated the stock with “Hold” rating in Tuesday, July 28 report. The stock of Vectrus Inc (NYSE:VEC) has “Buy” rating given on Wednesday, March 16 by Sidoti.

According to Zacks Investment Research, “Vectrus, Inc. engages in providing infrastructure asset management, logistics and supply chain management, and information technology and network communication services. Its services include operations, maintenance, management, engineering and sustainment for physical assets including a wide variety of facilities, information technology, network and communication systems, vehicles and equipment. The Company serves U.S. government customers worldwide. Vectrus, Inc. is based in United States.”

More notable recent Vectrus Inc (NYSE:VEC) news were published by: Fool.com which released: “Why Vectrus Inc Shares Crashed Today” on September 30, 2016, also Schaeffersresearch.com with their article: “Analyst Update: Emergent Biosolutions Inc, Vectrus Inc, and Wal-Mart Stores, Inc.” published on September 30, 2016, Marketwatch.com published: “/quotes/zigman/3870025/realtime” on September 29, 2011. More interesting news about Vectrus Inc (NYSE:VEC) were released by: Benzinga.com and their article: “Mid-Morning Market Update: Markets Open Higher; McCormick Profit Tops Estimates” published on September 30, 2016 as well as Prnewswire.com‘s news article titled: “Vectrus Statement on Army Award of Pre-Positioned Stocks-5 Contract” with publication date: September 01, 2016.

VEC Company Profile

Vectrus, Inc., incorporated on February 4, 2014, is a well-known provider of services to the United States Government across the world. The Firm offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. The Company’s 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. The Company’s logistics and supply chain management services support and maintain the vehicle and equipment stocks of the United States Army and Marine Corps. The Company’s information technology and network communication services consist of sustainment of communications systems, network security, systems installation and full life cycle management of information technology systems. The Firm provides global service solutions in over 130 locations and approximately 20 countries across over three continents.

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