Vishay Precision Group (NYSE:VPG) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Vishay Precision Group (NYSE:VPG) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Separately, B. Riley raised shares of Vishay Precision Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $24.50 to $28.50 in a research note on Thursday, February 13th.

Vishay Precision Group Price Performance

Vishay Precision Group stock opened at $23.58 on Friday. The firm has a 50-day moving average price of $23.62 and a 200-day moving average price of $24.10. The firm has a market capitalization of $312.18 million, a PE ratio of 31.86 and a beta of 1.15. The company has a current ratio of 4.41, a quick ratio of 2.80 and a debt-to-equity ratio of 0.09. Vishay Precision Group has a 12-month low of $20.83 and a 12-month high of $35.54.

Vishay Precision Group (NYSE:VPG) last released its earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). Vishay Precision Group had a return on equity of 3.87% and a net margin of 3.23%. As a group, equities research analysts forecast that Vishay Precision Group will post 0.9 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VPG. Portolan Capital Management LLC purchased a new position in Vishay Precision Group in the 4th quarter worth about $11,552,000. JPMorgan Chase & Co. increased its position in Vishay Precision Group by 1,238.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 358,325 shares of the scientific and technical instruments company’s stock valued at $9,281,000 after purchasing an additional 331,547 shares during the period. FMR LLC increased its position in Vishay Precision Group by 51.3% during the 3rd quarter. FMR LLC now owns 802,256 shares of the scientific and technical instruments company’s stock valued at $20,778,000 after purchasing an additional 271,974 shares during the period. Lord Abbett & CO. LLC increased its position in Vishay Precision Group by 683.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 306,992 shares of the scientific and technical instruments company’s stock valued at $7,205,000 after purchasing an additional 267,826 shares during the period. Finally, Azarias Capital Management L.P. purchased a new position in Vishay Precision Group during the 4th quarter valued at about $5,142,000. 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.