StockNews.com Downgrades Vishay Precision Group (NYSE:VPG) to Hold

Vishay Precision Group (NYSE:VPG) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

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

Vishay Precision Group Trading Down 2.7 %

VPG opened at $24.09 on Friday. The company has a market cap of $319.41 million, a P/E ratio of 32.56 and a beta of 1.08. The company has a current ratio of 4.41, a quick ratio of 2.80 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $23.44 and its 200-day moving average is $23.47. Vishay Precision Group has a 1-year low of $20.83 and a 1-year high of $35.52.

Vishay Precision Group (NYSE:VPG) last issued its earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). Vishay Precision Group had a net margin of 3.23% and a return on equity of 3.87%. Equities research analysts predict that Vishay Precision Group will post 0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vishay Precision Group

Large investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new stake in Vishay Precision Group in the third quarter valued at $51,000. Quest Partners LLC acquired a new stake in shares of Vishay Precision Group in the third quarter valued at about $66,000. Cubist Systematic Strategies LLC bought a new position in shares of Vishay Precision Group during the fourth quarter worth about $184,000. Wells Fargo & Company MN raised its position in shares of Vishay Precision Group by 32.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,067 shares of the scientific and technical instruments company’s stock worth $189,000 after acquiring an additional 1,970 shares during the last quarter. Finally, EMC Capital Management lifted its stake in shares of Vishay Precision Group by 577.8% in the fourth quarter. EMC Capital Management now owns 9,069 shares of the scientific and technical instruments company’s stock worth $213,000 after acquiring an additional 7,731 shares during the period. Institutional investors own 87.61% of the company’s stock.

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.