Vishay Precision Group (NYSE:VPG) Trading Down 11.9% – Time to Sell?

Vishay Precision Group, Inc. (NYSE:VPG)’s share price dropped 11.9% on Tuesday . The stock traded as low as $91.36 and last traded at $90.10. 77,112 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 415,378 shares. The stock had previously closed at $102.31.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. B. Riley Financial lifted their target price on shares of Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Lake Street Capital increased their price objective on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.67.

Vishay Precision Group Price Performance

The stock has a 50 day moving average of $121.96 and a two-hundred day moving average of $75.93. 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 firm has a market capitalization of $1.20 billion, a P/E ratio of 200.03, a P/E/G ratio of 5.36 and a beta of 1.43.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position 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 worth $36,000 after acquiring an additional 992 shares during the last quarter. Farther Finance Advisors LLC increased 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 worth $39,000 after purchasing an additional 944 shares during the period. Strs Ohio acquired a new position in shares of Vishay Precision Group during the 1st quarter worth about $39,000. Kestra Advisory Services LLC bought a new stake in Vishay Precision Group during the 4th quarter valued at approximately $51,000. Finally, Optiver Holding B.V. increased its position in Vishay Precision Group by 1,195.3% in the 1st quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company’s stock worth $60,000 after buying an additional 1,267 shares during the period. 87.61% of the stock is currently owned by institutional investors and hedge funds.

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.