Vishay Precision Group (NYSE:VPG) Stock Rating Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Vishay Precision Group (NYSE:VPG) from a hold rating to a strong sell rating in a report issued on Tuesday,Zacks reports.

A number of other brokerages have also commented on VPG. Wall Street Zen lowered Vishay Precision Group from a “buy” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings lowered Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Finally, B. Riley Financial reduced 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. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Vishay Precision Group currently has an average rating of “Hold” and a consensus target price of $82.33.

Vishay Precision Group Stock Up 3.1%

Vishay Precision Group stock opened at $60.78 on Tuesday. The company has a current ratio of 4.15, a quick ratio of 2.72 and a debt-to-equity ratio of 0.05. Vishay Precision Group has a 1-year low of $29.08 and a 1-year high of $151.78. The firm’s fifty day simple moving average is $65.38 and its 200-day simple moving average is $73.51. The company has a market capitalization of $809.60 million, a P/E ratio of 202.61, a P/E/G ratio of 4.51 and a beta of 1.39.

Vishay Precision Group (NYSE:VPG) last issued 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 analysts’ consensus estimates of $0.19 by ($0.15). The business 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%. Sell-side analysts forecast that Vishay Precision Group will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. First Bancorp Inc ME bought a new position in Vishay Precision Group in the 2nd quarter worth approximately $30,000. State of Alaska Department of Revenue acquired a new position in shares of Vishay Precision Group during the third quarter worth approximately $63,000. Strs Ohio bought a new stake in shares of Vishay Precision Group in the first quarter valued at approximately $39,000. Optiver Holding B.V. boosted its position in shares of Vishay Precision Group by 1,195.3% in the first quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company’s stock valued at $60,000 after acquiring an additional 1,267 shares during the period. Finally, J. Goldman & Co LP acquired a new stake in shares of Vishay Precision Group in the second quarter worth $217,000. 87.61% of the stock is currently owned by institutional investors and hedge funds.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc (NYSE:VPG) is a global provider of precision measurement and sensing technologies. The company develops and manufactures products that measure force, weight, pressure, torque, and other physical variables for use in industrial and commercial applications.

VPG’s offerings include precision resistors and strain gauges, load cells, load pins, force and torque sensors, pressure sensors, weighing components, and related measurement instruments and software. Its products support applications such as industrial automation, process control, transportation, aerospace, agriculture, medical equipment, and consumer products.

The company operates through businesses focused on Sensors, Weighing Solutions, and Measurement Systems, serving customers across North America, Europe, Asia, and other international markets.