Vishay Precision Group (NYSE:VPG) Stock Rating Upgraded by StockNews.com

Vishay Precision Group (NYSE:VPG) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

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

Vishay Precision Group Trading Up 2.7 %

Shares of NYSE:VPG traded up $0.64 during midday trading on Tuesday, reaching $24.24. The company had a trading volume of 413,961 shares, compared to its average volume of 69,481. The company has a fifty day simple moving average of $23.42 and a two-hundred day simple moving average of $27.54. The firm has a market cap of $320.94 million, a price-to-earnings ratio of 24.48 and a beta of 1.16. Vishay Precision Group has a 1-year low of $20.83 and a 1-year high of $35.98. 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 the consensus estimate 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 net margin of 4.13% and a return on equity of 6.24%. During the same period in the previous year, the company posted $0.47 EPS. Research analysts predict that Vishay Precision Group will post 1.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VPG. FMR LLC lifted its position in Vishay Precision Group by 51.3% during the third quarter. FMR LLC now owns 802,256 shares of the scientific and technical instruments company’s stock worth $20,778,000 after acquiring an additional 271,974 shares during the last quarter. Needham Investment Management LLC increased its stake in shares of Vishay Precision Group by 5.9% during the third quarter. Needham Investment Management LLC now owns 677,500 shares of the scientific and technical instruments company’s stock worth $17,547,000 after purchasing an additional 37,500 shares during the period. Geode Capital Management LLC lifted its holdings in Vishay Precision Group by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 319,486 shares of the scientific and technical instruments company’s stock worth $8,276,000 after purchasing an additional 11,391 shares during the last quarter. State Street Corp boosted its stake in Vishay Precision Group by 3.2% in the 3rd quarter. State Street Corp now owns 313,083 shares of the scientific and technical instruments company’s stock valued at $8,109,000 after purchasing an additional 9,660 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Vishay Precision Group by 6.1% in the 2nd quarter. Acadian Asset Management LLC now owns 199,094 shares of the scientific and technical instruments company’s stock valued at $6,059,000 after purchasing an additional 11,438 shares during the period. 87.61% of the stock is currently owned by institutional investors.

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.