Vishay Precision Group Inc (VPG) Downgraded to “Hold” at ValuEngine
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.
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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.
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