Vishay Precision Group (NYSE:VPG) Shares Down 6% – Here’s Why

by · The Markets Daily

Vishay Precision Group, Inc. (NYSE:VPG – Get Free Report) shares traded down 6% during trading on Friday . The company traded as low as $44.65 and last traded at $44.9330. 112,113 shares changed hands during trading, a decline of 59% from the average session volume of 272,088 shares. The stock had previously closed at $47.79.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VPG shares. Lake Street Capital assumed coverage on shares of Vishay Precision Group in a report on Thursday, December 18th. They issued a “buy” rating and a $44.00 price target on the stock. Wall Street Zen lowered Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings lowered Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Loop Capital set a $44.00 price target on Vishay Precision Group in a research report on Thursday, December 18th. Finally, Zacks Research downgraded Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $38.83.

Check Out Our Latest Stock Report on VPG

Vishay Precision Group Price Performance

The stock has a market capitalization of $587.46 million, a P/E ratio of 73.74, a price-to-earnings-growth ratio of 2.24 and a beta of 0.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.71 and a current ratio of 4.10. The firm has a 50-day moving average price of $38.08 and a 200 day moving average price of $33.38.

Vishay Precision Group (NYSE:VPG – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. Vishay Precision Group had a return on equity of 2.02% and a net margin of 2.65%.The business had revenue of $79.73 million for the quarter, compared to analyst estimates of $76.63 million. On average, analysts expect that Vishay Precision Group, Inc. will post 0.9 EPS for the current year.

Institutional Investors Weigh In On Vishay Precision Group

Several hedge funds have recently bought and sold shares of the business. Acuitas Investments LLC grew its position in Vishay Precision Group by 1,319.6% during the 3rd quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock valued at $32,466,000 after purchasing an additional 941,622 shares during the last quarter. CSM Advisors LLC bought a new position in shares of Vishay Precision Group in the second quarter worth approximately $5,565,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Vishay Precision Group during the second quarter valued at approximately $4,689,000. AIGH Capital Management LLC increased its position in shares of Vishay Precision Group by 60.7% during the second quarter. AIGH Capital Management LLC now owns 423,484 shares of the scientific and technical instruments company’s stock valued at $11,900,000 after acquiring an additional 159,919 shares in the last quarter. Finally, Bastion Asset Management Inc. bought a new stake in shares of Vishay Precision Group during the third quarter valued at approximately $4,904,000. Institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Company Profile

(Get Free Report)

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.

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