Vishay Precision Group (NYSE:VPG) Upgraded at StockNews.com

StockNews.com upgraded shares of Vishay Precision Group (NYSE:VPG) from a hold rating to a buy rating in a report issued on Friday morning.

Separately, B. Riley upgraded Vishay Precision Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $24.50 to $28.50 in a research report on Thursday, February 13th.

Vishay Precision Group Trading Down 3.0 %

VPG opened at $25.31 on Friday. Vishay Precision Group has a 52 week low of $20.83 and a 52 week high of $35.54. The business has a fifty day simple moving average of $23.56 and a 200-day simple moving average of $24.15. The firm has a market cap of $335.09 million, a P/E ratio of 34.20 and a beta of 1.15. The company has a quick ratio of 2.80, a current ratio of 4.41 and a debt-to-equity ratio of 0.09.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.10). Vishay Precision Group had a return on equity of 3.87% and a net margin of 3.23%. On average, equities analysts expect that Vishay Precision Group will post 0.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VPG. Portolan Capital Management LLC purchased a new position in Vishay Precision Group in the fourth quarter valued at $11,552,000. JPMorgan Chase & Co. boosted its holdings in Vishay Precision Group by 1,238.1% in the third quarter. JPMorgan Chase & Co. now owns 358,325 shares of the scientific and technical instruments company’s stock valued at $9,281,000 after purchasing an additional 331,547 shares during the period. FMR LLC boosted its holdings in Vishay Precision Group by 51.3% in the third quarter. FMR LLC now owns 802,256 shares of the scientific and technical instruments company’s stock valued at $20,778,000 after purchasing an additional 271,974 shares during the period. Lord Abbett & CO. LLC boosted its holdings in Vishay Precision Group by 683.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 306,992 shares of the scientific and technical instruments company’s stock valued at $7,205,000 after purchasing an additional 267,826 shares during the period. Finally, Azarias Capital Management L.P. purchased a new position in Vishay Precision Group in the fourth quarter valued at $5,142,000. 87.61% of the stock is currently owned by hedge funds and other institutional investors.

About Vishay Precision Group

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.