Vishay Precision Group Inc. (VPG) Shares Up 9%
Shares of Vishay Precision Group Inc. (NYSE:VPG) traded up 9% on Thursday . The company traded as high as $13.52 and last traded at $13.52, with a volume of 63,683 shares changing hands. The stock had previously closed at $12.40.
A number of analysts have weighed in on the company. B. Riley reiterated a “buy” rating and set a $22.00 price target on shares of Vishay Precision Group in a report on Tuesday. Zacks Investment Research upgraded Vishay Precision Group from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, May 3rd.
The firm has a 50 day moving average price of $13.56 and a 200 day moving average price of $13.26. The firm’s market capitalization is $183.82 million.
Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by $0.05. During the same period in the prior year, the company earned $0.13 earnings per share. The firm had revenue of $58 million for the quarter, compared to the consensus estimate of $59.51 million. The business’s revenue was down 2.5% compared to the same quarter last year. Analysts predict that Vishay Precision Group Inc. will post $0.51 earnings per share for the current year.
An institutional investor recently raised its position in Vishay Precision Group stock. Royce & Associates LLC increased its position in Vishay Precision Group Inc. (NYSE:VPG) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 807,668 shares of the company’s stock after buying an additional 18,400 shares during the period. Royce & Associates LLC owned about 6.13% of Vishay Precision Group worth $9,143,000 at the end of the most recent quarter.
Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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