Vishay Precision Group (NYSE:VPG) Stock Price Up 4.2% – What’s Next?

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price shot up 4.2% during trading on Friday. The company traded as high as $71.90 and last traded at $71.4480. Approximately 25,804 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 442,909 shares. The stock had previously closed at $68.57.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VPG shares. Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. B. Riley Financial dropped their target price on Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Wall Street Zen downgraded Vishay Precision Group from a “buy” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings lowered Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.33.

Vishay Precision Group Stock Performance

The firm has a market capitalization of $972.51 million, a P/E ratio of 243.23, a P/E/G ratio of 5.92 and a beta of 1.42. The firm has a 50-day moving average price of $74.18 and a two-hundred day moving average price of $82.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.15 and a quick ratio of 2.72.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.15). The firm had revenue of $83.94 million during the quarter, compared to the consensus estimate of $87.44 million. Vishay Precision Group had a return on equity of 1.77% and a net margin of 1.20%. On average, analysts forecast that Vishay Precision Group, Inc. will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Vishay Precision Group

Several institutional investors and hedge funds have recently bought and sold shares of VPG. Tidal Investments LLC raised its position in Vishay Precision Group by 2,452.5% during the 2nd quarter. Tidal Investments LLC now owns 283,709 shares of the scientific and technical instruments company’s stock worth $42,531,000 after buying an additional 272,594 shares during the last quarter. Corient Private Wealth LP purchased a new stake in Vishay Precision Group in the second quarter valued at $247,000. Concurrent Investment Advisors LLC purchased a new position in shares of Vishay Precision Group during the 2nd quarter valued at about $4,042,000. Bank of America Corp DE acquired a new stake in Vishay Precision Group during the second quarter worth about $1,704,000. Finally, First Bancorp Inc ME purchased a new position in Vishay Precision Group during the second quarter valued at approximately $30,000. 87.61% of the stock is owned by hedge funds and other institutional investors.

About Vishay Precision Group

Vishay Precision Group, Inc (NYSE:VPG) is a global developer, manufacturer and supplier of precision measurement and sensing technologies. The company serves customers that require accurate measurement of force, weight, pressure, torque and other physical parameters in industrial and commercial applications.

VPG’s products include strain gages, load cells, force and torque sensors, pressure sensors, weighing systems and related measurement instrumentation. Its solutions are used in areas such as industrial automation, process control, transportation, aerospace, medical equipment and consumer products.