Vishay Precision Group (NYSE:VPG) Lowered to "Hold" Rating by StockNews.com

StockNews.com cut shares of Vishay Precision Group (NYSE:VPG - Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Separately, B. Riley upgraded Vishay Precision Group from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $24.50 to $28.50 in a research report on Thursday, February 13th.

Vishay Precision Group Trading Down 3.0 %

Vishay Precision Group stock traded down $0.67 during trading hours on Friday, hitting $21.32. The stock had a trading volume of 98,892 shares, compared to its average volume of 84,980. The company has a quick ratio of 2.80, a current ratio of 4.41 and a debt-to-equity ratio of 0.09. The stock has a market cap of $282.19 million, a price-to-earnings ratio of 28.80 and a beta of 1.15. Vishay Precision Group has a one year low of $20.83 and a one year high of $35.54. The business's 50 day simple moving average is $23.60 and its 200-day simple moving average is $24.01.

Vishay Precision Group (NYSE:VPG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.10). Vishay Precision Group had a return on equity of 3.87% and a net margin of 3.23%. On average, equities analysts predict that Vishay Precision Group will post 0.9 EPS for the current fiscal year.

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Institutional Investors Weigh In On Vishay Precision Group

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in Vishay Precision Group by 51.3% in the third quarter. FMR LLC now owns 802,256 shares of the scientific and technical instruments company's stock worth $20,778,000 after purchasing an additional 271,974 shares in the last quarter. Needham Investment Management LLC increased its holdings in Vishay Precision Group by 1.1% in the fourth quarter. Needham Investment Management LLC now owns 685,200 shares of the scientific and technical instruments company's stock worth $16,082,000 after purchasing an additional 7,700 shares in the last quarter. Portolan Capital Management LLC bought a new stake in Vishay Precision Group in the fourth quarter worth approximately $11,552,000. JPMorgan Chase & Co. increased its holdings in Vishay Precision Group by 1,238.1% in the third quarter. JPMorgan Chase & Co. now owns 358,325 shares of the scientific and technical instruments company's stock worth $9,281,000 after purchasing an additional 331,547 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Vishay Precision Group by 82.1% in the fourth quarter. Ameriprise Financial Inc. now owns 330,107 shares of the scientific and technical instruments company's stock worth $7,748,000 after purchasing an additional 148,802 shares in the last quarter. 87.61% of the stock is currently owned by institutional investors.

Vishay Precision Group Company Profile

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.