Vishay Precision Group (NYSE:VPG) Trading 7.5% Higher – What’s Next?

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price traded up 7.5% on Wednesday . The stock traded as high as $46.90 and last traded at $47.02. 184,465 shares traded hands during trading, a decline of 4% from the average session volume of 191,927 shares. The stock had previously closed at $43.72.

Analyst Ratings Changes

VPG has been the topic of a number of research reports. Lake Street Capital initiated coverage on Vishay Precision Group in a report on Thursday, December 18th. They issued a “buy” rating and a $44.00 price objective on the stock. Loop Capital set a $44.00 price objective on shares of Vishay Precision Group in a research report on Thursday, December 18th. Zacks Research lowered shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. 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. Finally, Weiss Ratings lowered shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $38.83.

Vishay Precision Group Stock Down 7.7%

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 stock has a market capitalization of $585.86 million, a P/E ratio of 73.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.83. The stock’s fifty day simple moving average is $38.33 and its two-hundred day simple moving average is $33.49.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 earnings per share (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 analysts’ expectations of $76.63 million. Vishay Precision Group had a net margin of 2.65% and a return on equity of 2.02%. As a group, research analysts expect that Vishay Precision Group, Inc. will post 0.9 EPS for the current fiscal year.

Institutional Trading of Vishay Precision Group

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised 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 valued at $26,000 after buying an additional 897 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Vishay Precision Group by 826.7% during the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 992 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Vishay Precision Group by 1,180.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 944 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Vishay Precision Group in the 4th quarter worth $75,000. Finally, BNP Paribas Financial Markets boosted its position in shares of 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 acquiring an additional 1,076 shares during the last quarter. 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.