StockNews.com Upgrades Vishay Precision Group (NYSE:VPG) to “Buy”

Vishay Precision Group (NYSE:VPG) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Separately, B. Riley upgraded shares of Vishay Precision Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $24.50 to $28.50 in a research note on Thursday, February 13th.

Vishay Precision Group Stock Up 1.7 %

NYSE VPG opened at $22.91 on Friday. The company has a quick ratio of 2.80, a current ratio of 4.41 and a debt-to-equity ratio of 0.09. Vishay Precision Group has a fifty-two week low of $20.83 and a fifty-two week high of $35.52. The business has a 50 day moving average price of $23.34 and a two-hundred day moving average price of $23.51. The stock has a market cap of $303.72 million, a PE ratio of 30.96 and a beta of 1.08.

Vishay Precision Group (NYSE:VPG) last announced its earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.10). Vishay Precision Group had a net margin of 3.23% and a return on equity of 3.87%. As a group, sell-side analysts predict that Vishay Precision Group will post 0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VPG. Brooklyn FI LLC bought a new position in shares of Vishay Precision Group in the 4th quarter worth about $409,000. Two Sigma Investments LP lifted its holdings in Vishay Precision Group by 28.4% in the fourth quarter. Two Sigma Investments LP now owns 57,366 shares of the scientific and technical instruments company’s stock worth $1,346,000 after acquiring an additional 12,675 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Vishay Precision Group by 38.1% during the fourth quarter. Nuveen Asset Management LLC now owns 110,775 shares of the scientific and technical instruments company’s stock valued at $2,600,000 after purchasing an additional 30,542 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in Vishay Precision Group during the 4th quarter worth $274,000. Finally, Needham Investment Management LLC increased its position in Vishay Precision Group by 1.1% in the fourth quarter. Needham Investment Management LLC now owns 685,200 shares of the scientific and technical instruments company’s stock worth $16,082,000 after buying an additional 7,700 shares during the period. Institutional investors and hedge funds 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.