Vishay Precision Group, Inc. (VPG) Rating Reiterated by B. Riley
Vishay Precision Group, Inc. (NYSE:VPG)‘s stock had its “buy” rating reaffirmed by B. Riley in a research report issued on Monday. They presently have a $22.00 price objective on the scientific and technical instruments company’s stock. B. Riley’s price target would indicate a potential upside of 32.53% from the company’s current price.
Shares of Vishay Precision Group (VPG) traded down 2.92% on Monday, hitting $16.60. 20,697 shares of the company traded hands. The firm has a market capitalization of $219.40 million, a P/E ratio of 28.09 and a beta of 0.95. Vishay Precision Group has a 1-year low of $11.75 and a 1-year high of $19.44. The firm’s 50-day moving average is $17.45 and its 200 day moving average is $16.89.
Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, May 9th. The scientific and technical instruments company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. Vishay Precision Group had a return on equity of 6.19% and a net margin of 3.47%. The business had revenue of $59.80 million during the quarter, compared to analysts’ expectations of $58.04 million. During the same period last year, the company earned $0.13 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. On average, analysts anticipate that Vishay Precision Group will post $0.85 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. raised its stake in Vishay Precision Group by 7.0% in the first quarter. American International Group Inc. now owns 7,440 shares of the scientific and technical instruments company’s stock worth $118,000 after buying an additional 484 shares during the period. TFS Capital LLC acquired a new stake in Vishay Precision Group during the first quarter worth $158,000. Metropolitan Life Insurance Co. NY raised its stake in Vishay Precision Group by 852.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,507 shares of the scientific and technical instruments company’s stock worth $180,000 after buying an additional 8,509 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Vishay Precision Group during the second quarter worth $211,000. Finally, AXA raised its stake in Vishay Precision Group by 14.9% in the first quarter. AXA now owns 18,390 shares of the scientific and technical instruments company’s stock worth $258,000 after buying an additional 2,390 shares during the period. 87.33% of the stock is owned by institutional investors.
About Vishay Precision Group
Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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