Vishay Precision Group (NYSE:VPG) Shares Gap Up – Here’s Why

Shares of Vishay Precision Group, Inc. (NYSE:VPG) gapped up before the market opened on Wednesday . The stock had previously closed at $85.57, but opened at $92.37. Vishay Precision Group shares last traded at $93.7260, with a volume of 223,608 shares.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. B. Riley Financial boosted their price objective on shares of Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen downgraded shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Lake Street Capital boosted their price objective on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday. Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Zacks Research raised shares of Vishay Precision Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Vishay Precision Group currently has a consensus rating of “Moderate Buy” and an average target price of $83.67.

Vishay Precision Group Trading Up 0.4%

The business’s 50-day moving average price is $52.28 and its two-hundred day moving average price is $44.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 222.13, a price-to-earnings-growth ratio of 6.55 and a beta of 1.13.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. The business had revenue of $84.35 million during the quarter, compared to analyst estimates of $77.08 million. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. Equities analysts expect that Vishay Precision Group, Inc. will post 0.76 earnings per share for the current year.

Hedge Funds Weigh In On Vishay Precision Group

A number of institutional investors have recently modified their holdings of the company. Strs Ohio acquired a new position in Vishay Precision Group during the first quarter worth approximately $39,000. Farther Finance Advisors LLC increased its position in Vishay Precision Group by 1,180.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock worth $39,000 after purchasing an additional 944 shares during the last quarter. Russell Investments Group Ltd. increased its position in Vishay Precision Group by 826.7% during the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 992 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Vishay Precision Group during the fourth quarter worth approximately $51,000. Finally, Central Pacific Bank Trust Division acquired a new position in Vishay Precision Group during the fourth quarter worth approximately $75,000. Institutional investors and hedge funds own 87.61% of the company’s stock.

About Vishay Precision Group

Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.