Vishay Precision Group (NYSE:VPG) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $55.32 and traded as high as $133.15. Vishay Precision Group shares last traded at $122.61, with a volume of 602,519 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VPG shares. Wall Street Zen upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research upgraded Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Weiss Ratings cut Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. B. Riley Financial boosted their target price on Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Lake Street Capital boosted their target price on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vishay Precision Group has an average rating of “Moderate Buy” and an average target price of $83.67.

Vishay Precision Group Trading Up 2.2%

The firm has a market cap of $1.63 billion, a P/E ratio of 272.47, a PEG ratio of 6.15 and a beta of 1.46. 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 stock has a 50 day moving average of $79.06 and a 200 day moving average of $55.32.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings data on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 EPS for the quarter. The firm had revenue of $84.35 million for the quarter, compared to analyst estimates of $77.08 million. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%. As a group, equities research analysts predict that Vishay Precision Group, Inc. will post 0.97 EPS for the current year.

Hedge Funds Weigh In On Vishay Precision Group

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Vishay Precision Group by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock valued at $30,049,000 after purchasing an additional 24,235 shares during the last quarter. Harvey Partners LLC increased its position in shares of Vishay Precision Group by 21.3% during the 3rd quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock valued at $11,923,000 after purchasing an additional 65,315 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Vishay Precision Group by 2.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company’s stock valued at $9,614,000 after purchasing an additional 8,923 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Vishay Precision Group by 120.7% during the 4th quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock valued at $11,988,000 after purchasing an additional 170,307 shares during the last quarter. Finally, Tieton Capital Management LLC grew its holdings in shares of Vishay Precision Group by 0.5% during the 4th quarter. Tieton Capital Management LLC now owns 311,226 shares of the scientific and technical instruments company’s stock valued at $11,982,000 after purchasing an additional 1,495 shares during the last quarter. 87.61% of the stock is currently owned by institutional investors.

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.