Vishay Precision Group (NYSE:VPG) Lowered to Hold Rating by StockNews.com

Vishay Precision Group (NYSE:VPG) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

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

Vishay Precision Group Trading Down 2.7 %

NYSE:VPG opened at $24.09 on Friday. The firm has a 50-day simple moving average of $23.44 and a 200-day simple moving average of $23.48. Vishay Precision Group has a one year low of $20.83 and a one year high of $35.52. The firm has a market cap of $319.41 million, a P/E ratio of 32.56 and a beta of 1.08. 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 (NYSE:VPG) last posted its earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). Vishay Precision Group had a return on equity of 3.87% and a net margin of 3.23%. Equities analysts anticipate that Vishay Precision Group will post 0.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Vishay Precision Group

A number of large investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in shares of Vishay Precision Group in the 3rd quarter worth $51,000. Quest Partners LLC purchased a new stake in Vishay Precision Group in the third quarter valued at about $66,000. Cubist Systematic Strategies LLC acquired a new stake in Vishay Precision Group in the fourth quarter worth about $184,000. Wells Fargo & Company MN grew its stake in shares of Vishay Precision Group by 32.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,067 shares of the scientific and technical instruments company’s stock worth $189,000 after acquiring an additional 1,970 shares during the last quarter. Finally, EMC Capital Management increased its holdings in shares of Vishay Precision Group by 577.8% during the fourth quarter. EMC Capital Management now owns 9,069 shares of the scientific and technical instruments company’s stock valued at $213,000 after acquiring an additional 7,731 shares in the last quarter. 87.61% of the stock is owned by institutional investors and hedge funds.

Vishay Precision Group Company Profile

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.