Vishay Precision Group (NYSE:VPG) Reaches New 12-Month High – Here’s What Happened

Vishay Precision Group, Inc. (NYSE:VPG) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $39.23 and last traded at $37.4350, with a volume of 136770 shares traded. The stock had previously closed at $36.78.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VPG shares. Zacks Research cut shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vishay Precision Group in a report on Monday. Finally, Wall Street Zen lowered shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.50.

Vishay Precision Group Trading Down 1.1%

The stock has a market cap of $503.74 million, a P/E ratio of 63.23, a PEG ratio of 2.68 and a beta of 0.86. The business’s 50 day simple moving average is $34.48 and its 200 day simple moving average is $30.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 2.71.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Vishay Precision Group had a return on equity of 2.02% and a net margin of 2.65%.The firm had revenue of $79.73 million for the quarter, compared to analysts’ expectations of $76.63 million. On average, analysts expect that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vishay Precision Group

Several institutional investors have recently bought and sold shares of VPG. Acuitas Investments LLC increased its holdings in shares of Vishay Precision Group by 1,319.6% in the third quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock valued at $32,466,000 after purchasing an additional 941,622 shares in the last quarter. CSM Advisors LLC bought a new position in Vishay Precision Group in the 2nd quarter valued at $5,565,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Vishay Precision Group in the 2nd quarter valued at $4,689,000. AIGH Capital Management LLC raised its position in shares of Vishay Precision Group by 60.7% during the second quarter. AIGH Capital Management LLC now owns 423,484 shares of the scientific and technical instruments company’s stock worth $11,900,000 after acquiring an additional 159,919 shares during the last quarter. Finally, Bastion Asset Management Inc. acquired a new position in shares of Vishay Precision Group during the third quarter valued at $4,904,000. Institutional investors 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.