Vishay Precision Group (NYSE:VPG) Raised to “Buy” at StockNews.com

Vishay Precision Group (NYSE:VPG) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Separately, B. Riley decreased their target price on shares of Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

Vishay Precision Group Price Performance

NYSE VPG traded up $0.64 during trading on Tuesday, hitting $24.24. 413,961 shares of the company’s stock were exchanged, compared to its average volume of 69,481. The stock’s 50 day moving average price is $23.42 and its two-hundred day moving average price is $27.54. The company has a market cap of $320.94 million, a PE ratio of 24.48 and a beta of 1.16. 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 has a fifty-two week low of $20.83 and a fifty-two week high of $35.98.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Vishay Precision Group had a net margin of 4.13% and a return on equity of 6.24%. The firm had revenue of $75.73 million during the quarter, compared to analysts’ expectations of $73.47 million. During the same period in the prior year, the company posted $0.47 EPS. Research analysts expect that Vishay Precision Group will post 1.06 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VPG. Quantbot Technologies LP acquired a new position in shares of Vishay Precision Group during the third quarter worth approximately $51,000. Quest Partners LLC purchased a new stake in Vishay Precision Group in the 3rd quarter valued at $66,000. SG Americas Securities LLC bought a new position in shares of Vishay Precision Group during the third quarter valued at about $146,000. Kovack Advisors Inc. bought a new stake in Vishay Precision Group in the 3rd quarter worth about $218,000. Finally, Tidal Investments LLC increased its position in shares of Vishay Precision Group by 4.6% during the third quarter. Tidal Investments LLC now owns 11,633 shares of the scientific and technical instruments company’s stock valued at $301,000 after acquiring an additional 514 shares during the last quarter. 87.61% of the stock is owned by institutional investors and hedge funds.

About Vishay Precision Group

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.