Vishay Precision Group (NYSE:VPG) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Vishay Precision Group (NYSE:VPG) from a hold rating to a buy rating in a research report report published on Tuesday.

Separately, B. Riley lowered their target price on Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th.

Vishay Precision Group Stock Up 2.7 %

Shares of NYSE:VPG opened at $24.24 on Tuesday. Vishay Precision Group has a 12-month low of $20.83 and a 12-month high of $35.98. The company has a market capitalization of $320.94 million, a price-to-earnings ratio of 24.48 and a beta of 1.16. The business has a 50-day moving average price of $23.42 and a 200 day moving average price of $27.54. The company has a current ratio of 4.41, a quick ratio of 2.80 and a debt-to-equity ratio of 0.09.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $75.73 million during the quarter, compared to analysts’ expectations of $73.47 million. Vishay Precision Group had a net margin of 4.13% and a return on equity of 6.24%. During the same quarter last year, the company posted $0.47 EPS. Sell-side analysts expect that Vishay Precision Group will post 1.06 EPS for the current year.

Hedge Funds Weigh In On Vishay Precision Group

Institutional investors have recently modified their holdings of the business. FMR LLC raised its holdings in Vishay Precision Group by 51.3% in the third quarter. FMR LLC now owns 802,256 shares of the scientific and technical instruments company’s stock valued at $20,778,000 after acquiring an additional 271,974 shares in the last quarter. Tieton Capital Management LLC raised its holdings in shares of Vishay Precision Group by 228.8% in the 3rd quarter. Tieton Capital Management LLC now owns 152,156 shares of the scientific and technical instruments company’s stock valued at $3,941,000 after purchasing an additional 105,885 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Vishay Precision Group by 47.7% during the 2nd quarter. American Century Companies Inc. now owns 192,661 shares of the scientific and technical instruments company’s stock worth $5,865,000 after purchasing an additional 62,186 shares during the last quarter. Needham Investment Management LLC grew its stake in shares of Vishay Precision Group by 5.9% during the third quarter. Needham Investment Management LLC now owns 677,500 shares of the scientific and technical instruments company’s stock worth $17,547,000 after purchasing an additional 37,500 shares in the last quarter. Finally, Annex Advisory Services LLC increased its holdings in Vishay Precision Group by 142.3% in the third quarter. Annex Advisory Services LLC now owns 36,908 shares of the scientific and technical instruments company’s stock valued at $956,000 after buying an additional 21,678 shares during the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.

About Vishay Precision Group

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.