Vishay Precision Group (NYSE:VPG) Stock Rating Lowered by Wall Street Zen

Vishay Precision Group (NYSE:VPG) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts also recently issued reports about the stock. B. Riley Financial restated a “buy” rating and set a $63.00 target price (up from $45.00) on shares of Vishay Precision Group in a report on Tuesday, February 3rd. Weiss Ratings downgraded shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Loop Capital set a $44.00 target price on shares of Vishay Precision Group in a report on Thursday, December 18th. Finally, Lake Street Capital set a $54.00 target price on shares of Vishay Precision Group and gave the company a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.67.

Vishay Precision Group Stock Performance

Shares of NYSE VPG opened at $44.16 on Friday. The stock has a 50 day moving average price of $43.16 and a 200 day moving average price of $35.75. Vishay Precision Group has a 52 week low of $18.57 and a 52 week high of $56.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.71 and a current ratio of 4.10. The stock has a market capitalization of $586.43 million, a PE ratio of 110.40, a price-to-earnings-growth ratio of 2.42 and a beta of 0.85.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.14). Vishay Precision Group had a return on equity of 2.17% and a net margin of 1.72%.The company had revenue of $80.57 million for the quarter, compared to analyst estimates of $78.08 million. Analysts predict that Vishay Precision Group will post 0.9 earnings per share for the current fiscal year.

Institutional Trading of Vishay Precision Group

A number of hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in shares of Vishay Precision Group during the 4th quarter worth about $51,000. Quinn Opportunity Partners LLC lifted its position in Vishay Precision Group by 50.0% during the fourth quarter. Quinn Opportunity Partners LLC now owns 30,000 shares of the scientific and technical instruments company’s stock worth $1,155,000 after acquiring an additional 10,000 shares during the last quarter. SG Capital Management LLC bought a new stake in shares of Vishay Precision Group during the fourth quarter worth approximately $2,642,000. Wells Fargo & Company MN grew its position in shares of Vishay Precision Group by 29.6% in the fourth quarter. Wells Fargo & Company MN now owns 15,508 shares of the scientific and technical instruments company’s stock valued at $597,000 after purchasing an additional 3,540 shares during the last quarter. Finally, EntryPoint Capital LLC grew its position in shares of Vishay Precision Group by 25.2% in the fourth quarter. EntryPoint Capital LLC now owns 10,491 shares of the scientific and technical instruments company’s stock valued at $404,000 after purchasing an additional 2,111 shares during the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.

About Vishay Precision Group

Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.