Vishay Precision Group (NYSE:VPG) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $55.32 and traded as high as $133.15. Vishay Precision Group shares last traded at $122.61, with a volume of 602,519 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VPG. Zacks Research raised Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. B. Riley Financial raised their target price on Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings downgraded Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Lake Street Capital raised their target price on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $83.67.

Vishay Precision Group Price Performance

The stock has a market cap of $1.63 billion, a PE ratio of 272.47, a P/E/G ratio of 6.15 and a beta of 1.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97. The firm’s 50 day moving average price is $79.06 and its two-hundred day moving average price is $55.32.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. The firm had revenue of $84.35 million during the quarter, compared to the consensus estimate of $77.08 million. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. On average, research analysts expect that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current year.

Hedge Funds Weigh In On Vishay Precision Group

Several hedge funds have recently made changes to their positions in the stock. Invesco Ltd. grew its stake in Vishay Precision Group by 11.7% during the second quarter. Invesco Ltd. now owns 26,353 shares of the scientific and technical instruments company’s stock valued at $741,000 after acquiring an additional 2,763 shares in the last quarter. First Trust Advisors LP grew its stake in Vishay Precision Group by 4.3% during the second quarter. First Trust Advisors LP now owns 39,578 shares of the scientific and technical instruments company’s stock valued at $1,112,000 after acquiring an additional 1,615 shares in the last quarter. Marshall Wace LLP purchased a new position in Vishay Precision Group during the second quarter valued at approximately $338,000. Sei Investments Co. purchased a new position in Vishay Precision Group during the second quarter valued at approximately $218,000. Finally, Quantinno Capital Management LP grew its stake in Vishay Precision Group by 56.4% during the second quarter. Quantinno Capital Management LP now owns 31,389 shares of the scientific and technical instruments company’s stock valued at $882,000 after acquiring an additional 11,324 shares in the last quarter. 87.61% of the stock is currently owned by hedge funds and other institutional investors.

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.