ValuEngine cut shares of Vishay Precision Group Inc (NYSE:VPG) from a buy rating to a hold rating in a report published on Monday.

A number of other research analysts also recently weighed in on the stock. BidaskClub upgraded shares of Vishay Precision Group from a strong sell rating to a sell rating in a report on Monday, August 14th. B. Riley restated a buy rating and set a $22.00 price target on shares of Vishay Precision Group in a report on Monday, August 7th.

Shares of Vishay Precision Group (NYSE:VPG) opened at 24.15 on Monday. The firm has a market capitalization of $320.98 million, a P/E ratio of 33.50 and a beta of 0.93. Vishay Precision Group has a one year low of $15.10 and a one year high of $24.80. The company has a 50-day moving average price of $22.31 and a 200 day moving average price of $18.47.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The business had revenue of $62.30 million for the quarter, compared to the consensus estimate of $60.19 million. Vishay Precision Group had a net margin of 5.80% and a return on equity of 8.13%. Vishay Precision Group’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. Analysts expect that Vishay Precision Group will post $0.92 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/10/06/vishay-precision-group-inc-vpg-downgraded-to-hold-at-valuengine.html.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lord Abbett & CO. LLC raised its holdings in Vishay Precision Group by 35.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 235,653 shares of the scientific and technical instruments company’s stock worth $4,077,000 after acquiring an additional 61,170 shares during the period. Susquehanna International Group LLP bought a new position in Vishay Precision Group in the 2nd quarter worth $290,000. State Street Corp raised its holdings in Vishay Precision Group by 4.0% in the 2nd quarter. State Street Corp now owns 233,268 shares of the scientific and technical instruments company’s stock worth $4,035,000 after acquiring an additional 8,973 shares during the period. Royal Bank of Canada raised its holdings in Vishay Precision Group by 23.3% in the 2nd quarter. Royal Bank of Canada now owns 132,541 shares of the scientific and technical instruments company’s stock worth $2,293,000 after acquiring an additional 25,065 shares during the period. Finally, Hancock Holding Co. bought a new position in Vishay Precision Group in the 2nd quarter worth $204,000. Hedge funds and other institutional investors own 86.47% of the company’s stock.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Stock Ratings for Vishay Precision Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vishay Precision Group Inc and related stocks with our FREE daily email newsletter.