Vishay Precision Group (NYSE:VPG) Stock Falls 13.1% – Should You Sell?

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price fell 13.1% during mid-day trading on Thursday. The stock traded as low as $55.82 and last traded at $55.7260. Approximately 194,028 shares traded hands during trading, a decline of 55% from the average daily volume of 431,458 shares. The stock had previously closed at $64.15.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VPG shares. Wall Street Zen downgraded Vishay Precision Group from a “buy” rating to a “sell” rating in a research note on Saturday, August 8th. Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. B. Riley Financial dropped their price target on Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Weiss Ratings lowered shares of Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $82.33.

Vishay Precision Group Stock Performance

The company has a market capitalization of $699.87 million, a P/E ratio of 175.15, a P/E/G ratio of 5.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.72 and a current ratio of 4.15. The business’s fifty day simple moving average is $66.73 and its 200-day simple moving average is $86.38.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.15). The company had revenue of $83.94 million for the quarter, compared to the consensus estimate of $87.44 million. Vishay Precision Group had a net margin of 1.20% and a return on equity of 1.77%. As a group, equities analysts anticipate that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vishay Precision Group

Several institutional investors have recently added to or reduced their stakes in the company. AMI Asset Management Corp bought a new stake in Vishay Precision Group in the third quarter worth $432,000. Annex Advisory Services LLC raised its stake in Vishay Precision Group by 2,799.8% during the third quarter. Annex Advisory Services LLC now owns 255,441 shares of the scientific and technical instruments company’s stock valued at $18,581,000 after purchasing an additional 246,632 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Vishay Precision Group during the third quarter valued at $63,000. Venture Visionary Partners LLC bought a new position in Vishay Precision Group during the third quarter valued at $315,000. Finally, Central Pacific Bank Trust Division lifted its position in Vishay Precision Group by 13.8% during the third quarter. Central Pacific Bank Trust Division now owns 4,936 shares of the scientific and technical instruments company’s stock valued at $359,000 after purchasing an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc (NYSE:VPG) is a global provider of precision measurement and sensing technologies. The company develops and manufactures products that measure force, weight, pressure, torque, and other physical variables for use in industrial and commercial applications.

VPG’s offerings include precision resistors and strain gauges, load cells, load pins, force and torque sensors, pressure sensors, weighing components, and related measurement instruments and software. Its products support applications such as industrial automation, process control, transportation, aerospace, agriculture, medical equipment, and consumer products.

The company operates through businesses focused on Sensors, Weighing Solutions, and Measurement Systems, serving customers across North America, Europe, Asia, and other international markets.