Vishay Precision Group (NYSE:VPG) Shares Gap Down – Should You Sell?

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $112.70, but opened at $107.10. Vishay Precision Group shares last traded at $106.9990, with a volume of 63,599 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VPG shares. Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Lake Street Capital boosted their target price on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. B. Riley Financial lifted their price target on shares of Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $83.67.

Vishay Precision Group Trading Up 4.9%

The stock has a fifty day simple moving average of $117.89 and a 200 day simple moving average of $71.72. The firm has a market capitalization of $1.47 billion, a P/E ratio of 246.25, a PEG ratio of 5.42 and a beta of 1.43. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. The firm had revenue of $84.35 million during 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, research analysts forecast that Vishay Precision Group, Inc. will post 0.97 EPS for the current year.

Institutional Investors Weigh In On Vishay Precision Group

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Vishay Precision Group by 2.7% in the third quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock worth $30,049,000 after buying an additional 24,235 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Vishay Precision Group by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company’s stock valued at $9,614,000 after acquiring an additional 8,923 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Vishay Precision Group by 120.7% in 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 acquiring an additional 170,307 shares during the last quarter. Tieton Capital Management LLC increased its holdings in Vishay Precision Group by 0.5% in 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 acquiring an additional 1,495 shares during the last quarter. Finally, Tema ETFs LLC lifted its stake in Vishay Precision Group by 108,291.4% in the 2nd quarter. Tema ETFs LLC now owns 264,475 shares of the scientific and technical instruments company’s stock worth $39,647,000 after purchasing an additional 264,231 shares in the last quarter. 87.61% of the stock is owned by hedge funds and other 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.