Shares of Vishay Precision Group, Inc. (NYSE:VPG – Get Free Report) fell 9.6% during trading on Tuesday . The company traded as low as $68.86 and last traded at $68.8920. 110,764 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 448,526 shares. The stock had previously closed at $76.23.
Analyst Ratings Changes
A number of brokerages have recently weighed in on VPG. Wall Street Zen cut Vishay Precision Group from a “buy” rating to a “sell” rating in a research report on Saturday, August 8th. B. Riley Financial lowered their price objective on Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Weiss Ratings upgraded Vishay Precision Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Zacks Research downgraded shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, Lake Street Capital upped their price target on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $82.33.
Get Our Latest Stock Report on Vishay Precision Group
Vishay Precision Group Stock Down 12.4%
Vishay Precision Group (NYSE:VPG – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.15). Vishay Precision Group had a net margin of 1.20% and a return on equity of 1.77%. The business had revenue of $83.94 million for the quarter, compared to analyst estimates of $87.44 million. As a group, analysts predict that Vishay Precision Group, Inc. will post 0.59 EPS for the current year.
Institutional Trading of Vishay Precision Group
Institutional investors have recently made changes to their positions in the stock. First Bancorp Inc ME bought a new position in shares of Vishay Precision Group in the second quarter valued at approximately $30,000. Russell Investments Group Ltd. raised its holdings in Vishay Precision Group by 826.7% during the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 992 shares in the last quarter. Farther Finance Advisors LLC lifted its position in 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 worth $39,000 after purchasing an additional 944 shares during the period. Strs Ohio acquired a new stake in Vishay Precision Group in the first quarter worth approximately $39,000. Finally, Kestra Advisory Services LLC bought a new position in Vishay Precision Group during the 4th quarter valued at $51,000. 87.61% of the stock is owned by institutional investors and hedge funds.
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.
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