Vishay Precision Group (NYSE:VPG - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Saturday.
Separately, B. Riley upgraded shares of Vishay Precision Group from a "neutral" rating to a "buy" rating and raised their target price for the stock from $24.50 to $28.50 in a research note on Thursday, February 13th.
View Our Latest Stock Report on Vishay Precision Group
Vishay Precision Group Stock Performance
Shares of NYSE VPG traded up $4.68 during midday trading on Friday, reaching $28.19. 1,222,654 shares of the company were exchanged, compared to its average volume of 83,585. The stock has a market cap of $373.71 million, a P/E ratio of 38.09 and a beta of 1.08. Vishay Precision Group has a 1 year low of $20.83 and a 1 year high of $35.26. The stock has a fifty day simple moving average of $23.57 and a 200 day simple moving average of $23.49. The company has a current ratio of 4.41, a quick ratio of 2.80 and a debt-to-equity ratio of 0.09.
Vishay Precision Group (NYSE:VPG - Get Free Report) last announced its earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.10). Vishay Precision Group had a net margin of 3.23% and a return on equity of 3.87%. On average, research analysts forecast that Vishay Precision Group will post 0.9 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Vishay Precision Group
A number of large investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in shares of Vishay Precision Group in the third quarter valued at approximately $51,000. Quest Partners LLC purchased a new stake in shares of Vishay Precision Group during the 3rd quarter worth $66,000. Cubist Systematic Strategies LLC acquired a new position in shares of Vishay Precision Group during the 4th quarter worth $184,000. Wells Fargo & Company MN grew its stake in shares of Vishay Precision Group by 32.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,067 shares of the scientific and technical instruments company's stock worth $189,000 after purchasing an additional 1,970 shares during the period. Finally, EMC Capital Management increased its holdings in shares of Vishay Precision Group by 577.8% in the 4th quarter. EMC Capital Management now owns 9,069 shares of the scientific and technical instruments company's stock valued at $213,000 after purchasing an additional 7,731 shares in the last quarter. 87.61% of the stock is owned by hedge funds and other institutional investors.
Vishay Precision Group Company Profile
(
Get Free Report)
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.
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