Vishay Precision Group (NYSE:VPG) Downgraded by Zacks Research to “Strong Sell”

Vishay Precision Group (NYSE:VPG) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.

Several other equities analysts have also weighed in on the company. B. Riley Financial cut their price target on Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Wall Street Zen downgraded Vishay Precision Group from a “buy” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings lowered Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $82.33.

Vishay Precision Group Stock Up 3.1%

VPG opened at $60.78 on Tuesday. Vishay Precision Group has a fifty-two week low of $29.08 and a fifty-two week high of $151.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.72 and a current ratio of 4.15. The company has a fifty day moving average of $65.38 and a two-hundred day moving average of $73.51. The stock has a market capitalization of $809.60 million, a price-to-earnings ratio of 202.61, a PEG ratio of 4.51 and a beta of 1.39.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.15). Vishay Precision Group had a return on equity of 1.77% and a net margin of 1.20%. The firm had revenue of $83.94 million for the quarter, compared to analysts’ expectations of $87.44 million. On average, research analysts expect that Vishay Precision Group will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On Vishay Precision Group

Several large investors have recently bought and sold shares of VPG. Andar Capital Management HK Ltd acquired a new stake in shares of Vishay Precision Group in the second quarter valued at about $45,000,000. BlackRock Inc. purchased a new position in shares of Vishay Precision Group in the second quarter worth about $152,188,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Vishay Precision Group during the second quarter worth about $69,844,000. Tidal Investments LLC boosted its position in Vishay Precision Group by 2,452.5% during the second quarter. Tidal Investments LLC now owns 283,709 shares of the scientific and technical instruments company’s stock worth $42,531,000 after acquiring an additional 272,594 shares during the last quarter. Finally, Tema ETFs LLC boosted its position in Vishay Precision Group by 108,291.4% during the second quarter. Tema ETFs LLC now owns 264,475 shares of the scientific and technical instruments company’s stock worth $39,647,000 after acquiring an additional 264,231 shares during the last quarter. 87.61% of the stock is currently owned by hedge funds and other institutional investors.

About Vishay Precision Group

Vishay Precision Group, Inc (NYSE:VPG) is a global provider of precision measurement and sensing technologies. The company develops and manufactures products that measure force, weight, pressure, torque, and other physical variables for use in industrial and commercial applications.

VPG’s offerings include precision resistors and strain gauges, load cells, load pins, force and torque sensors, pressure sensors, weighing components, and related measurement instruments and software. Its products support applications such as industrial automation, process control, transportation, aerospace, agriculture, medical equipment, and consumer products.

The company operates through businesses focused on Sensors, Weighing Solutions, and Measurement Systems, serving customers across North America, Europe, Asia, and other international markets.