Vishay Precision Group, Inc. (NYSE:VPG) Upgraded at BidaskClub
Vishay Precision Group, Inc. (NYSE:VPG) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday.
Several other analysts have also commented on VPG. B. Riley restated a “buy” rating and issued a $21.50 price objective on shares of Vishay Precision Group in a report on Monday, May 8th. ValuEngine upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Thursday.
Vishay Precision Group (VPG) traded up 4.07% on Monday, reaching $19.20. The company had a trading volume of 78,541 shares. The company’s 50 day moving average is $17.57 and its 200-day moving average is $16.93. The firm has a market capitalization of $255.19 million, a price-to-earnings ratio of 26.63 and a beta of 0.95. Vishay Precision Group has a one year low of $14.23 and a one year high of $19.44.
Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, August 8th. 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. The company had revenue of $62.30 million for the quarter, compared to analysts’ expectations of $60.19 million. Vishay Precision Group had a return on equity of 7.25% and a net margin of 4.16%. Vishay Precision Group’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. On average, equities research analysts expect that Vishay Precision Group will post $0.92 earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in VPG. American International Group Inc. raised its position 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 valued at $118,000 after buying an additional 484 shares during the last quarter. Wells Fargo & Company MN raised its position in Vishay Precision Group by 10.4% in the second quarter. Wells Fargo & Company MN now owns 8,435 shares of the scientific and technical instruments company’s stock valued at $146,000 after buying an additional 794 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position 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 valued at $180,000 after buying an additional 8,509 shares during the last quarter. TFS Capital LLC acquired a new position in Vishay Precision Group during the first quarter valued at about $158,000. Finally, Parametric Portfolio Associates LLC acquired a new position in Vishay Precision Group during the second quarter valued at about $187,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.
Vishay Precision Group Company Profile
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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