Vishay Precision Group (NYSE:VPG) Sets New 1-Year High – Here’s What Happened

Vishay Precision Group, Inc. (NYSE:VPG) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $87.88 and last traded at $80.45, with a volume of 190496 shares trading hands. The stock had previously closed at $66.60.

Analysts Set New Price Targets

A number of research analysts recently commented on VPG shares. Zacks Research raised shares of Vishay Precision Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings downgraded Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. B. Riley Financial reiterated a “buy” rating and issued a $63.00 price objective (up from $45.00) on shares of Vishay Precision Group in a research note on Tuesday, February 3rd. Lake Street Capital set a $54.00 target price on shares of Vishay Precision Group and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Wall Street Zen cut shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Vishay Precision Group presently has an average rating of “Hold” and a consensus target price of $53.67.

Vishay Precision Group Stock Up 23.6%

The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.09 billion, a PE ratio of 205.79, a PEG ratio of 4.42 and a beta of 1.13. The firm’s fifty day moving average is $49.42 and its 200-day moving average is $43.57.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 EPS for the quarter. Vishay Precision Group had a return on equity of 2.16% and a net margin of 1.72%.The business had revenue of $84.35 million during the quarter, compared to analysts’ expectations of $77.08 million. On average, equities research analysts predict that Vishay Precision Group, Inc. will post 0.76 earnings per share for the current year.

Institutional Trading of Vishay Precision Group

A number of institutional investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in Vishay Precision Group in the first quarter valued at approximately $39,000. Farther Finance Advisors LLC boosted its stake in shares of Vishay Precision Group by 1,180.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 944 shares during the period. Russell Investments Group Ltd. grew its holdings in Vishay Precision Group by 826.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 992 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Vishay Precision Group during the 4th quarter valued at $51,000. Finally, Central Pacific Bank Trust Division purchased a new stake in Vishay Precision Group during the 4th quarter worth $75,000. 87.61% of the stock is owned by hedge funds and other 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.