Vishay Precision Group (NYSE:VPG) Shares Cross Above 200-Day Moving Average – What’s Next?

Vishay Precision Group, Inc. (NYSE:VPG)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $39.41 and traded as high as $42.19. Vishay Precision Group shares last traded at $40.68, with a volume of 242,853 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on VPG shares. B. Riley Financial reiterated a “buy” rating and set a $63.00 price objective (up from $45.00) on shares of Vishay Precision Group in a research report on Tuesday, February 3rd. Weiss Ratings cut Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Lake Street Capital set a $54.00 price target on Vishay Precision Group and gave the stock a “buy” rating in a report on Thursday, February 12th. Wall Street Zen cut shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Zacks Research lowered shares of Vishay Precision Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Vishay Precision Group has an average rating of “Hold” and an average target price of $53.67.

Vishay Precision Group Trading Up 1.2%

The business has a fifty day moving average price of $45.94 and a two-hundred day moving average price of $39.52. The company has a current ratio of 4.47, a quick ratio of 2.97 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $584.67 million, a PE ratio of 109.90, a PEG ratio of 2.86 and a beta of 0.89.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.14). Vishay Precision Group had a net margin of 1.72% and a return on equity of 2.16%. The company had revenue of $80.57 million during the quarter, compared to analyst estimates of $78.08 million. Analysts expect that Vishay Precision Group, Inc. will post 0.9 EPS for the current fiscal year.

Institutional Trading of Vishay Precision Group

Several institutional investors have recently added to or reduced their stakes in the stock. Acuitas Investments LLC boosted its position in shares of Vishay Precision Group by 1,319.6% during the third quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock worth $32,466,000 after buying an additional 941,622 shares during the period. Vanguard Group Inc. raised its holdings in shares of Vishay Precision Group by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock valued at $30,049,000 after buying an additional 24,235 shares during the period. Harvey Partners LLC lifted its stake in Vishay Precision Group by 21.3% during the 3rd quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock worth $11,923,000 after acquiring an additional 65,315 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Vishay Precision Group by 2.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company’s stock worth $9,614,000 after acquiring an additional 8,923 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Vishay Precision Group by 120.7% during the 4th quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock valued at $11,988,000 after acquiring an additional 170,307 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.

Vishay Precision Group Company Profile

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.