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

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $112.70, but opened at $107.10. Vishay Precision Group shares last traded at $106.9990, with a volume of 63,599 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VPG. Weiss Ratings upgraded Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Lake Street Capital increased their price objective on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Zacks Research upgraded shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, B. Riley Financial raised their target price on shares of Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $83.67.

Vishay Precision Group Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97. The stock has a fifty day simple moving average of $116.05 and a 200-day simple moving average of $70.75. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 241.07, a P/E/G ratio of 5.78 and a beta of 1.43.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. The firm had revenue of $84.35 million during the quarter, compared to analyst estimates of $77.08 million. On average, equities research analysts anticipate that Vishay Precision Group, Inc. will post 0.97 EPS for the current year.

Institutional Investors Weigh In On Vishay Precision Group

A number of institutional investors have recently modified their holdings of the business. Regent Peak Wealth Advisors LLC purchased a new position in shares of Vishay Precision Group in the 2nd quarter valued at about $307,000. Tema ETFs LLC raised its stake in shares of Vishay Precision Group by 108,291.4% during the 2nd quarter. Tema ETFs LLC now owns 264,475 shares of the scientific and technical instruments company’s stock worth $39,647,000 after buying an additional 264,231 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Vishay Precision Group during the 2nd quarter valued at approximately $2,720,000. Optiver Holding B.V. grew its stake in Vishay Precision Group by 1,195.3% in the 1st 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, Segall Bryant & Hamill LLC grew its stake in Vishay Precision Group by 50.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 226,625 shares of the scientific and technical instruments company’s stock valued at $9,840,000 after acquiring an additional 76,119 shares during the period. 87.61% of the stock is currently owned by institutional investors and hedge funds.

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.