Vicor tumbles on smaller Q4 profit

Vicor

24/02/2023 18:49

**  Shares of power modules maker Vicor Corp  VICR.O  dip
29.6% to $39.60 
    ** Stock on track to hit a near three-year low if current
levels sustain
    ** Co posts a 9.4% drop in Q4 profit to $8.1 mln
    ** Craig-Hallum cuts PT to $45 from $70
    ** Stock is trading below 50-,100-day and 200-day moving
averages
    ** Stock fell 57.7% in 2022
 (Reporting by Vedant Vinayak Vichare)
 ((Vedant.VinayakVichare@thomsonreuters.com))