Vishay Precision Group (NYSE:VPG) Trading Up 11.6% – Time to Buy?

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price was up 11.6% during mid-day trading on Monday . The company traded as high as $141.63 and last traded at $142.6190. Approximately 593,002 shares traded hands during trading, an increase of 47% from the average session volume of 402,239 shares. The stock had previously closed at $127.82.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VPG shares. 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. Zacks Research raised shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. B. Riley Financial increased their price objective on shares of Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Lake Street Capital raised their target price on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $83.67.

Vishay Precision Group Stock Up 11.6%

The company’s fifty day moving average is $102.30 and its 200-day moving average is $64.66. The company has a market capitalization of $1.90 billion, a PE ratio of 316.34, a price-to-earnings-growth ratio of 6.55 and a beta of 1.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47.

Vishay Precision Group (NYSE:VPG) last released its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 EPS for the quarter. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. The company had revenue of $84.35 million for the quarter, compared to analysts’ expectations of $77.08 million. As a group, analysts predict that Vishay Precision Group, Inc. will post 0.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

A number of institutional investors have recently bought and sold shares of VPG. Strs Ohio bought a new stake in Vishay Precision Group during the first quarter valued at about $39,000. Farther Finance Advisors LLC boosted its stake in shares of Vishay Precision Group by 1,180.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 944 shares during the period. Russell Investments Group Ltd. grew its position in shares of Vishay Precision Group by 826.7% during the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 992 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Vishay Precision Group during the fourth quarter worth about $51,000. Finally, Optiver Holding B.V. raised its stake in Vishay Precision Group by 1,195.3% during 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 purchasing an additional 1,267 shares during the period. Hedge funds and other institutional investors own 87.61% of the company’s stock.

About Vishay Precision Group

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.