Vishay Precision Group, Inc. (NYSE:VPG) announced its quarterly earnings data on Tuesday. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.05, Bloomberg Earnings reports. Vishay Precision Group had a return on equity of 6.19% and a net margin of 3.47%. The business had revenue of $62.30 million during the quarter, compared to analyst estimates of $60.19 million. During the same period last year, the company earned $0.15 earnings per share. Vishay Precision Group’s quarterly revenue was up 7.4% compared to the same quarter last year.

Shares of Vishay Precision Group (NYSE:VPG) traded up 9.04% during mid-day trading on Tuesday, hitting $18.10. The company had a trading volume of 49,819 shares. Vishay Precision Group has a one year low of $11.75 and a one year high of $19.44. The firm’s 50-day moving average price is $17.45 and its 200 day moving average price is $16.89. The company has a market capitalization of $239.23 million, a P/E ratio of 30.63 and a beta of 0.95.

Separately, B. Riley reiterated a “buy” rating and set a $22.00 price objective on shares of Vishay Precision Group in a report on Monday.

Large investors have recently modified their holdings of the company. American International Group Inc. boosted its stake in shares of 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 last quarter. TFS Capital LLC purchased a new stake in shares of Vishay Precision Group during the first quarter worth about $158,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of 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 last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Vishay Precision Group during the second quarter worth about $211,000. Finally, Eagle Global Advisors LLC boosted its stake in shares of Vishay Precision Group by 3.8% in the first quarter. Eagle Global Advisors LLC now owns 16,864 shares of the scientific and technical instruments company’s stock worth $266,000 after buying an additional 620 shares during the last quarter. 87.33% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History for Vishay Precision Group (NYSE:VPG)

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