Vishay Precision Group (NYSE:VPG) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Vishay Precision Group, Inc. (NYSE:VPG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.69 and traded as high as $47.57. Vishay Precision Group shares last traded at $46.65, with a volume of 237,891 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VPG. Lake Street Capital set a $54.00 target price on Vishay Precision Group and gave the company a “buy” rating in a research report on Thursday, February 12th. Weiss Ratings upgraded shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Loop Capital set a $44.00 price objective on shares of Vishay Precision Group in a research report on Thursday, December 18th. Wall Street Zen downgraded shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Zacks Research lowered shares of Vishay Precision Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $53.67.

Vishay Precision Group Trading Down 2.5%

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 firm has a fifty day moving average price of $44.13 and a 200 day moving average price of $36.69. The company has a market cap of $619.51 million, a price-to-earnings ratio of 116.63, a P/E/G ratio of 3.15 and a beta of 0.84.

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 (EPS) 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 firm had revenue of $80.57 million for the quarter, compared to the consensus estimate of $78.08 million. As a group, equities analysts predict that Vishay Precision Group, Inc. will post 0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VPG. Acuitas Investments LLC raised its stake in Vishay Precision Group by 1,319.6% in the 3rd quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock valued at $32,466,000 after acquiring an additional 941,622 shares during the period. Vanguard Group Inc. increased its holdings in shares of Vishay Precision Group by 2.7% in the third quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock valued at $30,049,000 after purchasing an additional 24,235 shares during the last quarter. Harvey Partners LLC raised its position in shares of Vishay Precision Group by 21.3% in the third quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock valued at $11,923,000 after purchasing an additional 65,315 shares during the period. Ameriprise Financial Inc. raised its position in shares of Vishay Precision Group by 2.7% in the second quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company’s stock valued at $9,614,000 after purchasing an additional 8,923 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Vishay Precision Group by 120.7% during the 4th quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock worth $11,988,000 after buying an additional 170,307 shares during the last quarter. 87.61% of the stock is currently owned by institutional investors.

Vishay Precision Group Company Profile

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.