Vishay Precision Group (NYSE:VPG) Stock Passes Above 200 Day Moving Average – What’s Next?

Vishay Precision Group, Inc. (NYSE:VPG)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.69 and traded as high as $47.57. Vishay Precision Group shares last traded at $46.65, with a volume of 237,891 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VPG shares. Zacks Research downgraded shares of Vishay Precision Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. B. Riley Financial reiterated a “buy” rating and set a $63.00 target price (up previously from $45.00) on shares of Vishay Precision Group in a research report on Tuesday, February 3rd. Wall Street Zen downgraded Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Finally, Loop Capital set a $44.00 price objective on Vishay Precision Group in a report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vishay Precision Group has an average rating of “Hold” and an average target price of $53.67.

Vishay Precision Group Stock Down 2.5%

The company has a current ratio of 4.10, a quick ratio of 2.71 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average price is $44.13 and its 200-day moving average price is $36.69. The company has a market cap of $619.51 million, a price-to-earnings ratio of 116.63, a price-to-earnings-growth ratio of 3.15 and a beta of 0.84.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.14). Vishay Precision Group had a return on equity of 2.17% and a net margin of 1.72%.The business had revenue of $80.57 million for the quarter, compared to the consensus estimate of $78.08 million. Sell-side analysts predict that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current year.

Institutional Trading of Vishay Precision Group

Hedge funds have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Vishay Precision Group in the second quarter valued at approximately $877,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of Vishay Precision Group during the second quarter worth $351,000. First Eagle Investment Management LLC lifted its position in Vishay Precision Group by 72.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 223,642 shares of the scientific and technical instruments company’s stock valued at $6,284,000 after acquiring an additional 93,798 shares in the last quarter. WIM INVESTMENT MANAGEMENT Ltd acquired a new position in Vishay Precision Group in the 2nd quarter worth $1,111,000. Finally, CSM Advisors LLC bought a new position in Vishay Precision Group during the 2nd quarter worth about $5,565,000. 87.61% of the stock is currently 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.