Shares of Vicor Corporation (Nasdaq:VICR) were gapping up Tuesday morning with an open price 11.1% higher than Monday's closing price. The stock closed at $10.26 yesterday and opened today's trading at $11.40.
NEW YORK ( TheStreet) -- Shares of Vicor Corporation (Nasdaq: VICR) were gapping up Tuesday morning with an open price 11.1% higher than Monday's closing price. The stock closed at $10.26 Monday and opened today's trading at $11.40. The average volume for Vicor has been 89,900 shares per day over the past 30 days. Vicor has a market cap of $356.9 million and is part of the utilities sector and utilities industry. Shares are down 37.4% year to date as of the close of trading on Monday. Vicor Corporation, together with its subsidiaries, engages in the design, development, manufacture, and marketing of modular power components and power systems. The company has a P/E ratio of 14.7, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Vicor as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Vicor Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.