Vishay Precision Group (NYSE:VPG) Trading Down 6.4% – What’s Next?

Vishay Precision Group, Inc. (NYSE:VPG)’s share price was down 6.4% during trading on Friday . The stock traded as low as $122.83 and last traded at $125.4350. 279,643 shares changed hands during trading, a decline of 29% from the average session volume of 394,757 shares. The stock had previously closed at $134.02.

Analyst Ratings Changes

VPG has been the subject of several recent analyst reports. Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Lake Street Capital lifted their price target on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. B. Riley Financial upped their target price on Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Zacks Research raised shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $83.67.

Vishay Precision Group Stock Performance

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 stock has a market cap of $1.69 billion, a PE ratio of 282.17, a price-to-earnings-growth ratio of 6.55 and a beta of 1.46. The company’s 50 day simple moving average is $102.30 and its 200 day simple moving average is $64.47.

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 for the quarter. The firm had revenue of $84.35 million for the quarter, compared to the consensus estimate of $77.08 million. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%. Analysts expect that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Vishay Precision Group in the fourth quarter valued at approximately $9,822,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Vishay Precision Group during the 4th quarter worth $9,732,000. Handelsbanken Fonder AB grew its stake in shares of Vishay Precision Group by 120.7% during the 4th quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock worth $11,988,000 after acquiring an additional 170,307 shares during the period. Roubaix Capital LLC purchased a new stake in Vishay Precision Group in the 1st quarter worth about $6,989,000. Finally, Simcoe Capital LLC purchased a new position in shares of Vishay Precision Group in the fourth quarter worth about $2,938,000. 87.61% of the stock is currently 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.