Vishay Precision Group (NYSE:VPG) Stock Price Up 6.6% – Still a Buy?

Vishay Precision Group, Inc. (NYSE:VPG)’s share price was up 6.6% on Friday . The company traded as high as $65.50 and last traded at $65.8050. Approximately 78,537 shares were traded during trading, a decline of 83% from the average session volume of 449,970 shares. The stock had previously closed at $61.72.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Zacks Research lowered Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. B. Riley Financial cut their target price on Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen cut Vishay Precision Group from a “buy” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings lowered Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $82.33.

Vishay Precision Group Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 4.15 and a quick ratio of 2.72. The firm has a market capitalization of $881.25 million, a price-to-earnings ratio of 220.50, a PEG ratio of 5.36 and a beta of 1.42. The business’s fifty day simple moving average is $83.53 and its 200 day simple moving average is $81.45.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. First Bancorp Inc ME acquired a new stake in Vishay Precision Group in the second quarter valued at approximately $30,000. Strs Ohio acquired a new position in shares of Vishay Precision Group during the first quarter worth approximately $39,000. Russell Investments Group Ltd. lifted its holdings 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 worth $36,000 after purchasing an additional 992 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Vishay Precision Group in the 4th quarter worth $51,000. Finally, Optiver Holding B.V. grew its position in Vishay Precision Group by 1,195.3% in the 1st quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company’s stock valued at $60,000 after purchasing an additional 1,267 shares during the period. 87.61% of the stock is owned by institutional investors and hedge funds.

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.