Vishay Precision Group (NYSE:VPG) Shares Down 6% – Here’s What Happened

Vishay Precision Group, Inc. (NYSE:VPG)’s share price dropped 6% during trading on Friday . The company traded as low as $44.65 and last traded at $44.9330. Approximately 112,113 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 272,088 shares. The stock had previously closed at $47.79.

Analyst Ratings Changes

A number of brokerages have recently commented on VPG. Wall Street Zen lowered shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Lake Street Capital began coverage on Vishay Precision Group in a report on Thursday, December 18th. They issued a “buy” rating and a $44.00 price objective for the company. Weiss Ratings downgraded Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Finally, Loop Capital set a $44.00 price target on Vishay Precision Group in a research note on Thursday, December 18th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Vishay Precision Group currently has an average rating of “Hold” and a consensus target price of $38.83.

Vishay Precision Group Stock Performance

The firm has a market capitalization of $587.46 million, a PE ratio of 73.74, a price-to-earnings-growth ratio of 2.24 and a beta of 0.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.71 and a current ratio of 4.10. The business’s fifty day simple moving average is $38.08 and its 200-day simple moving average is $33.38.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $79.73 million for the quarter, compared to the consensus estimate of $76.63 million. Vishay Precision Group had a return on equity of 2.02% and a net margin of 2.65%. As a group, equities research analysts expect that Vishay Precision Group, Inc. will post 0.9 EPS for the current year.

Institutional Trading of Vishay Precision Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in Vishay Precision Group by 2,638.2% during the second quarter. GAMMA Investing LLC now owns 931 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 897 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Vishay Precision Group by 826.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 992 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Vishay Precision Group during the 4th quarter worth about $75,000. BNP Paribas Financial Markets grew its holdings in Vishay Precision Group by 85.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $75,000 after purchasing an additional 1,076 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Vishay Precision Group in the 2nd quarter worth about $80,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Company Profile

Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.