Vishay Precision Group (NYSE:VPG) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Vishay Precision Group (NYSE:VPG) from a buy rating to a hold rating in a report released on Saturday morning.

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

Vishay Precision Group Stock Down 0.8 %

Shares of Vishay Precision Group stock opened at $23.58 on Friday. The firm’s 50 day moving average price is $23.62 and its 200-day moving average price is $24.10. 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 has a 52-week low of $20.83 and a 52-week high of $35.54. The company has a market cap of $312.18 million, a P/E ratio of 31.86 and a beta of 1.15.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts predict that Vishay Precision Group will post 0.9 EPS for the current fiscal year.

Institutional Trading of Vishay Precision Group

Institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC acquired a new stake in Vishay Precision Group in the 3rd quarter worth approximately $1,014,000. FMR LLC boosted its stake in Vishay Precision Group by 51.3% in the 3rd quarter. FMR LLC now owns 802,256 shares of the scientific and technical instruments company’s stock worth $20,778,000 after purchasing an additional 271,974 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Vishay Precision Group by 1,238.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 358,325 shares of the scientific and technical instruments company’s stock worth $9,281,000 after purchasing an additional 331,547 shares in the last quarter. Barclays PLC boosted its stake in Vishay Precision Group by 71.7% in the 3rd quarter. Barclays PLC now owns 34,422 shares of the scientific and technical instruments company’s stock worth $890,000 after purchasing an additional 14,376 shares in the last quarter. Finally, State Street Corp lifted its stake in Vishay Precision Group by 3.2% during the 3rd quarter. State Street Corp now owns 313,083 shares of the scientific and technical instruments company’s stock valued at $8,109,000 after acquiring an additional 9,660 shares during the period. 87.61% of the stock is currently owned by institutional investors and hedge funds.

Vishay Precision Group Company Profile

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.