Vishay Precision Group (NYSE:VPG) Upgraded at StockNews.com

StockNews.com upgraded shares of Vishay Precision Group (NYSE:VPG) from a hold rating to a buy rating in a report released on Tuesday.

Separately, B. Riley cut their price objective on shares of Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

Vishay Precision Group Stock Performance

VPG stock opened at $23.35 on Tuesday. The firm has a 50-day simple moving average of $23.40 and a two-hundred day simple moving average of $27.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.80 and a current ratio of 4.41. Vishay Precision Group has a one year low of $20.83 and a one year high of $35.98. The firm has a market cap of $309.15 million, a price-to-earnings ratio of 23.59 and a beta of 1.16.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Vishay Precision Group had a net margin of 4.13% and a return on equity of 6.24%. The business had revenue of $75.73 million for the quarter, compared to analyst estimates of $73.47 million. During the same period in the previous year, the company earned $0.47 earnings per share. On average, equities analysts forecast that Vishay Precision Group will post 1.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Vishay Precision Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in shares of Vishay Precision Group by 4.6% in the third quarter. Tidal Investments LLC now owns 11,633 shares of the scientific and technical instruments company’s stock valued at $301,000 after purchasing an additional 514 shares during the period. Barclays PLC increased its holdings in Vishay Precision Group by 71.7% in the 3rd quarter. Barclays PLC now owns 34,422 shares of the scientific and technical instruments company’s stock worth $890,000 after buying an additional 14,376 shares during the period. Geode Capital Management LLC raised its position in Vishay Precision Group by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 319,486 shares of the scientific and technical instruments company’s stock worth $8,276,000 after buying an additional 11,391 shares during the last quarter. State Street Corp lifted its stake in Vishay Precision Group by 3.2% during the 3rd quarter. State Street Corp now owns 313,083 shares of the scientific and technical instruments company’s stock valued at $8,109,000 after acquiring an additional 9,660 shares during the period. Finally, Needham Investment Management LLC boosted its holdings in shares of Vishay Precision Group by 5.9% in the 3rd quarter. Needham Investment Management LLC now owns 677,500 shares of the scientific and technical instruments company’s stock valued at $17,547,000 after acquiring an additional 37,500 shares during the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

About Vishay Precision Group

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.