Vishay Precision Group (NYSE:VPG) Trading 9.7% Higher – Should You Buy?

Vishay Precision Group, Inc. (NYSE:VPG)’s share price was up 9.7% on Monday . The stock traded as high as $105.85 and last traded at $106.78. Approximately 136,308 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 324,494 shares. The stock had previously closed at $97.32.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VPG. Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday. B. Riley Financial raised their target price on Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday. Lake Street Capital boosted their price target on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Research raised shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $83.67.

Vishay Precision Group Price Performance

The stock’s 50 day moving average is $53.30 and its two-hundred day moving average is $45.26. The stock has a market capitalization of $1.36 billion, a PE ratio of 226.54, a price-to-earnings-growth ratio of 4.99 and a beta of 1.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97.

Vishay Precision Group (NYSE:VPG) last announced 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 for 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%. As a group, sell-side analysts forecast that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Strs Ohio purchased a new position in shares of Vishay Precision Group during the first quarter worth about $39,000. Farther Finance Advisors LLC boosted its position in shares of Vishay Precision Group by 1,180.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 944 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Vishay Precision Group by 826.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 992 shares during the period. Kestra Advisory Services LLC purchased a new position in Vishay Precision Group during the 4th 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. 87.61% of the stock is owned by hedge funds and other institutional investors.

Vishay Precision Group Company Profile

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.