Vishay Precision Group (NYSE:VPG) Stock Price Down 13.1% – What’s Next?

Vishay Precision Group, Inc. (NYSE:VPG) was down 13.1% during mid-day trading on Thursday. The company traded as low as $55.82 and last traded at $55.7260. Approximately 194,028 shares traded hands during trading, a decline of 55% from the average daily volume of 431,458 shares. The stock had previously closed at $64.15.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen cut Vishay Precision Group from a “buy” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Zacks Research lowered Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, B. Riley Financial cut their price objective 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 equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $82.33.

Vishay Precision Group Stock Performance

The company has a market cap of $710.89 million, a P/E ratio of 177.91, a price-to-earnings-growth ratio of 4.47 and a beta of 1.39. The business has a 50 day moving average price of $66.02 and a two-hundred day moving average price of $86.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.72 and a current ratio of 4.15.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.15). Vishay Precision Group had a return on equity of 1.77% and a net margin of 1.20%. The company had revenue of $83.94 million for the quarter, compared to the consensus estimate of $87.44 million. On average, sell-side analysts anticipate that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Inspire Investing LLC purchased a new position in shares of Vishay Precision Group in the third quarter valued at about $646,000. AMI Asset Management Corp bought a new position in shares of Vishay Precision Group during the third quarter valued at about $432,000. Annex Advisory Services LLC raised its stake in shares of Vishay Precision Group by 2,799.8% during the third quarter. Annex Advisory Services LLC now owns 255,441 shares of the scientific and technical instruments company’s stock valued at $18,581,000 after acquiring an additional 246,632 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Vishay Precision Group during the third quarter valued at about $63,000. Finally, Venture Visionary Partners LLC purchased a new stake in shares of Vishay Precision Group during the third quarter worth about $315,000. 87.61% of the stock is owned by hedge funds and other institutional investors.

About Vishay Precision Group

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.