Vishay Precision Group (NYSE:VPG) Stock Price Down 6% – Here’s Why

Shares of Vishay Precision Group, Inc. (NYSE:VPG) fell 6% during trading on Thursday . The company traded as low as $133.00 and last traded at $135.41. 156,419 shares were traded during mid-day trading, a decline of 62% from the average session volume of 407,983 shares. The stock had previously closed at $144.01.

Analyst Upgrades and Downgrades

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

Vishay Precision Group Stock Performance

The stock has a market capitalization of $1.66 billion, a P/E ratio of 278.10, a PEG ratio of 7.69 and a beta of 1.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47. The company’s fifty day simple moving average is $107.90 and its two-hundred day simple moving average is $66.93.

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

Institutional Trading of Vishay Precision Group

Several institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position 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 worth $36,000 after buying an additional 992 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Vishay Precision Group by 1,180.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after acquiring an additional 944 shares during the period. Strs Ohio bought a new stake in shares of Vishay Precision Group in the first quarter valued at about $39,000. Kestra Advisory Services LLC acquired a new position in shares of Vishay Precision Group in the fourth quarter valued at about $51,000. Finally, Optiver Holding B.V. grew its stake in shares of Vishay Precision Group by 1,195.3% in the first 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 in the last quarter. 87.61% of the stock is currently owned by institutional investors.

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.