StockNews.com Upgrades Vishay Precision Group (NYSE:VPG) to “Buy”

Vishay Precision Group (NYSE:VPG) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Separately, B. Riley decreased their price target on Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

Vishay Precision Group Price Performance

Shares of Vishay Precision Group stock opened at $23.87 on Tuesday. Vishay Precision Group has a one year low of $20.83 and a one year high of $35.98. The stock’s fifty day moving average is $23.43 and its 200 day moving average is $27.52. The stock has a market cap of $316.04 million, a P/E ratio of 24.11 and a beta of 1.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.80 and a current ratio of 4.41.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $75.73 million for the quarter, compared to analysts’ expectations of $73.47 million. Vishay Precision Group had a return on equity of 6.24% and a net margin of 4.13%. During the same period last year, the firm earned $0.47 earnings per share. Sell-side analysts anticipate that Vishay Precision Group will post 1.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VPG. Quantbot Technologies LP purchased a new position in Vishay Precision Group in the third quarter worth about $51,000. Quest Partners LLC purchased a new position in Vishay Precision Group in the third quarter worth about $66,000. SG Americas Securities LLC purchased a new position in Vishay Precision Group in the third quarter worth about $146,000. Kovack Advisors Inc. purchased a new position in Vishay Precision Group in the third quarter worth about $218,000. Finally, Tidal Investments LLC grew its position in Vishay Precision Group by 4.6% in the third quarter. Tidal Investments LLC now owns 11,633 shares of the scientific and technical instruments company’s stock worth $301,000 after acquiring an additional 514 shares in the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

About Vishay Precision Group

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.