Vishay Precision Group (NYSE:VPG) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Vishay Precision Group (NYSE:VPG) from a buy rating to a hold rating in a research note published 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 Stock Down 6.9 %

Shares of Vishay Precision Group stock opened at $21.92 on Friday. The company has a market capitalization of $290.20 million, a P/E ratio of 29.62 and a beta of 1.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.41 and a quick ratio of 2.80. The business has a 50-day moving average of $23.62 and a two-hundred day moving average of $24.05. Vishay Precision Group has a 1 year low of $20.83 and a 1 year high of $35.54.

Vishay Precision Group (NYSE:VPG) last posted its earnings results 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%. As a group, equities analysts predict that Vishay Precision Group will post 0.9 EPS for the current year.

Institutional Trading of Vishay Precision Group

A number of institutional investors have recently made changes to their positions in VPG. Quantbot Technologies LP acquired a new stake in Vishay Precision Group in the 3rd 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 stake in Vishay Precision Group during the fourth quarter worth about $184,000. Wells Fargo & Company MN boosted its position in 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 valued at $189,000 after purchasing an additional 1,970 shares during the last quarter. Finally, Kovack Advisors Inc. bought a new position in Vishay Precision Group in the third quarter valued at approximately $218,000. 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.