Vishay Precision Group (NYSE:VPG) Stock Price Up 9.7% – Time to Buy?

Vishay Precision Group, Inc. (NYSE:VPG)’s share price traded up 9.7% during trading on Monday . The company traded as high as $105.85 and last traded at $106.78. 136,308 shares were traded during mid-day trading, a decline of 58% from the average session volume of 324,494 shares. The stock had previously closed at $97.32.

Wall Street Analysts Forecast Growth

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

Vishay Precision Group Stock Down 6.8%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47. The business has a 50 day simple moving average of $55.61 and a 200-day simple moving average of $46.16. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 217.82, a P/E/G ratio of 5.40 and a beta of 1.13.

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

Institutional Trading of Vishay Precision Group

Several hedge funds have recently made changes to their positions in the company. Quantinno Capital Management LP raised its position in shares of Vishay Precision Group by 0.9% during the 1st quarter. Quantinno Capital Management LP now owns 36,869 shares of the scientific and technical instruments company’s stock valued at $1,601,000 after buying an additional 314 shares during the period. Corsair Capital Management L.P. grew its position in Vishay Precision Group by 24.0% in the first quarter. Corsair Capital Management L.P. now owns 31,002 shares of the scientific and technical instruments company’s stock worth $1,346,000 after acquiring an additional 6,000 shares during the period. Sei Investments Co. increased its stake in Vishay Precision Group by 71.3% during the first quarter. Sei Investments Co. now owns 167,086 shares of the scientific and technical instruments company’s stock worth $7,255,000 after acquiring an additional 69,573 shares during the last quarter. Group One Trading LLC acquired a new stake in Vishay Precision Group during the first quarter worth $161,000. Finally, Cetera Investment Advisers purchased a new stake in Vishay Precision Group in the first quarter valued at $259,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

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.