Vishay Precision Group (NYSE:VPG) Shares Down 6.4% – Here’s What Happened

Vishay Precision Group, Inc. (NYSE:VPG) shares dropped 6.4% during mid-day trading on Friday . The stock traded as low as $122.83 and last traded at $125.4350. Approximately 279,643 shares traded hands during trading, a decline of 29% from the average session volume of 394,757 shares. The stock had previously closed at $134.02.

Analysts Set New Price Targets

VPG has been the subject of a number of recent research reports. Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. 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. Lake Street Capital lifted their price objective 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, May 13th. Finally, B. Riley Financial upped their target price on shares of Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Vishay Precision Group has a consensus rating of “Buy” and a consensus target price of $83.67.

Vishay Precision Group Stock Performance

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 business has a 50-day moving average of $100.78 and a 200-day moving average of $64.03. The company has a market capitalization of $1.65 billion, a P/E ratio of 278.63, a P/E/G ratio of 6.84 and a beta of 1.46.

Vishay Precision Group (NYSE:VPG) last announced its earnings results 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 the consensus estimate of $77.08 million. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. On average, sell-side analysts anticipate that Vishay Precision Group, Inc. will post 0.97 EPS for the current year.

Institutional Trading of Vishay Precision Group

Institutional investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new position in shares of Vishay Precision Group during the first quarter valued at approximately $39,000. Farther Finance Advisors LLC lifted its stake in shares of Vishay Precision Group by 1,180.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 944 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Vishay Precision Group by 826.7% during 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 acquiring an additional 992 shares during the period. Kestra Advisory Services LLC purchased a new position in Vishay Precision Group during the 4th quarter valued at $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 acquiring an additional 1,267 shares during the last quarter. Institutional investors own 87.61% of the company’s stock.

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.