Vishay Precision Group (NYSE:VPG) Shares Down 6% – What’s Next?

Vishay Precision Group, Inc. (NYSE:VPG) shares fell 6% during mid-day trading on Thursday . The stock traded as low as $133.00 and last traded at $135.41. 156,419 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 407,983 shares. The stock had previously closed at $144.01.

Analyst Ratings Changes

A number of research firms have weighed in on VPG. Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. B. Riley Financial raised their target price on 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 increased their price target on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Zacks Research upgraded Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $83.67.

Vishay Precision Group Stock Up 0.2%

The business has a fifty day simple moving average of $110.54 and a two-hundred day simple moving average of $67.90. 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 company has a market cap of $1.62 billion, a PE ratio of 270.83, a price-to-earnings-growth ratio of 6.24 and a beta of 1.43.

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

Institutional Trading of Vishay Precision Group

A number of hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its holdings in shares of Vishay Precision Group by 826.7% during the 3rd 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 during the last quarter. Farther Finance Advisors LLC increased its holdings 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 valued at $39,000 after purchasing an additional 944 shares during the last quarter. Strs Ohio acquired a new stake in shares of Vishay Precision Group in the first quarter valued at approximately $39,000. Kestra Advisory Services LLC purchased a new position in Vishay Precision Group during the fourth quarter worth approximately $51,000. Finally, Optiver Holding B.V. lifted its position in Vishay Precision Group by 1,195.3% during the first quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company’s stock worth $60,000 after buying an additional 1,267 shares in the last quarter. Institutional investors and hedge funds 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.