Vishay Precision Group (NYSE:VPG) Shares Gap Up – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG) shares gapped up prior to trading on Wednesday . The stock had previously closed at $85.57, but opened at $92.37. Vishay Precision Group shares last traded at $93.7260, with a volume of 223,608 shares.

Analyst Ratings Changes

Several research firms recently commented on VPG. Wall Street Zen downgraded shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. B. Riley Financial reaffirmed a “buy” rating on shares of Vishay Precision Group in a report on Wednesday. Weiss Ratings downgraded shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Zacks Research raised shares of Vishay Precision Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Lake Street Capital restated a “buy” rating and set a $98.00 price objective on shares of Vishay Precision Group in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vishay Precision Group has a consensus rating of “Hold” and an average price target of $68.33.

Vishay Precision Group Trading Up 17.6%

The stock has a market capitalization of $1.34 billion, a P/E ratio of 250.87, a P/E/G ratio of 4.38 and a beta of 1.13. The firm’s 50 day moving average price is $50.22 and its 200 day moving average price is $43.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings data on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 EPS for the quarter. The firm had revenue of $84.35 million during the quarter, compared to the consensus estimate of $77.08 million. Vishay Precision Group had a net margin of 1.72% and a return on equity of 2.16%. As a group, equities research analysts expect that Vishay Precision Group, Inc. will post 0.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

A number of large investors have recently modified their holdings of the stock. Roubaix Capital LLC bought a new stake in shares of Vishay Precision Group during the 1st quarter valued at about $6,989,000. Bastion Asset Management Inc. boosted its stake in shares of Vishay Precision Group by 31.0% during the 1st quarter. Bastion Asset Management Inc. now owns 224,196 shares of the scientific and technical instruments company’s stock valued at $9,813,000 after purchasing an additional 53,102 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Vishay Precision Group during the 1st quarter valued at about $691,000. Granite Investment Partners LLC bought a new stake in shares of Vishay Precision Group during the 1st quarter valued at about $235,000. Finally, Hunter Associates Investment Management LLC boosted its stake in shares of Vishay Precision Group by 9.7% during the 1st quarter. Hunter Associates Investment Management LLC now owns 69,763 shares of the scientific and technical instruments company’s stock valued at $3,032,000 after purchasing an additional 6,175 shares in the last quarter. Institutional investors own 87.61% of the company’s stock.

About Vishay Precision Group

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.