Wall Street Zen Upgrades Vishay Precision Group (NYSE:VPG) to “Buy”

Vishay Precision Group (NYSE:VPG) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other analysts also recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Vishay Precision Group in a research note on Wednesday, October 8th. Zacks Research downgraded Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vishay Precision Group has a consensus rating of “Hold” and a consensus price target of $28.50.

Vishay Precision Group Trading Up 1.6%

Shares of VPG stock opened at $38.06 on Friday. The business’s 50 day moving average is $32.78 and its two-hundred day moving average is $28.69. Vishay Precision Group has a twelve month low of $18.57 and a twelve month high of $38.90. The company has a market capitalization of $505.40 million, a P/E ratio of -422.84 and a beta of 0.95. The company has a current ratio of 4.35, a quick ratio of 2.87 and a debt-to-equity ratio of 0.10.

Vishay Precision Group (NYSE:VPG) last announced its earnings results on Tuesday, August 5th. The scientific and technical instruments company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.13. Vishay Precision Group had a positive return on equity of 1.72% and a negative net margin of 0.43%.The company had revenue of $75.16 million for the quarter, compared to the consensus estimate of $72.93 million. Equities analysts forecast that Vishay Precision Group will post 0.9 EPS for the current year.

Institutional Trading of Vishay Precision Group

Several large investors have recently added to or reduced their stakes in VPG. CWM LLC boosted its stake in Vishay Precision Group by 648.2% during the 1st quarter. CWM LLC now owns 1,025 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 888 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Vishay Precision Group by 5.1% in the first quarter. Victory Capital Management Inc. now owns 78,928 shares of the scientific and technical instruments company’s stock valued at $1,901,000 after purchasing an additional 3,855 shares during the last quarter. AIGH Capital Management LLC bought a new stake in shares of Vishay Precision Group in the first quarter valued at about $6,349,000. Royce & Associates LP lifted its stake in Vishay Precision Group by 1.0% during the first quarter. Royce & Associates LP now owns 527,103 shares of the scientific and technical instruments company’s stock worth $12,698,000 after purchasing an additional 5,070 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Vishay Precision Group by 1.7% during the first quarter. Vanguard Group Inc. now owns 917,967 shares of the scientific and technical instruments company’s stock valued at $22,114,000 after acquiring an additional 15,190 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, 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.