Vishay Precision Group (NYSE:VPG) Rating Lowered to Neutral at B. Riley

Vishay Precision Group (NYSE:VPG) was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, Marketbeat Ratings reports. They presently have a $36.00 price target on the scientific and technical instruments company’s stock, down from their previous price target of $37.00. B. Riley’s price objective would suggest a potential upside of 7.37% from the company’s previous close.

Separately, TheStreet upgraded Vishay Precision Group from a “c+” rating to a “b-” rating in a report on Friday, March 1st.

Vishay Precision Group Stock Down 2.5 %

Shares of NYSE:VPG opened at $33.53 on Wednesday. Vishay Precision Group has a 12-month low of $27.93 and a 12-month high of $38.83. The stock’s 50-day moving average price is $34.09 and its two-hundred day moving average price is $32.50. The company has a current ratio of 3.94, a quick ratio of 2.51 and a debt-to-equity ratio of 0.10. The firm has a market cap of $448.63 million, a price-to-earnings ratio of 17.84 and a beta of 1.25.

Vishay Precision Group (NYSE:VPG) last issued its earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.25. Vishay Precision Group had a return on equity of 9.19% and a net margin of 7.24%. The business had revenue of $89.53 million during the quarter, compared to analysts’ expectations of $79.69 million. During the same quarter in the previous year, the business earned $0.76 EPS. On average, research analysts forecast that Vishay Precision Group will post 1.59 EPS for the current year.

Hedge Funds Weigh In On Vishay Precision Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its holdings in Vishay Precision Group by 225.0% in the 4th quarter. Parallel Advisors LLC now owns 741 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 513 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Vishay Precision Group by 2.9% in the 3rd quarter. Gamco Investors INC. ET AL now owns 24,430 shares of the scientific and technical instruments company’s stock valued at $820,000 after purchasing an additional 700 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Vishay Precision Group by 0.3% during the 3rd quarter. Kennedy Capital Management LLC now owns 260,141 shares of the scientific and technical instruments company’s stock valued at $8,736,000 after buying an additional 889 shares during the last quarter. Annex Advisory Services LLC grew its position in shares of Vishay Precision Group by 7.4% during the first quarter. Annex Advisory Services LLC now owns 13,285 shares of the scientific and technical instruments company’s stock worth $469,000 after buying an additional 921 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new stake in shares of Vishay Precision Group in the fourth quarter worth $34,000. 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.