Vishay Precision Group Inc. (VPG) Sees Strong Trading Volume
Shares of Vishay Precision Group Inc. (NYSE:VPG) saw an uptick in trading volume on Thursday . 60,706 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 59,527 shares.The stock last traded at $15.20 and had previously closed at $15.27.
Several brokerages recently issued reports on VPG. B. Riley reissued a “buy” rating and issued a $22.00 price target on shares of Vishay Precision Group in a report on Tuesday, August 9th. Zacks Investment Research cut Vishay Precision Group from a “hold” rating to a “sell” rating in a research report on Friday, August 12th.
The company’s 50 day moving average is $14.24 and its 200-day moving average is $13.69. The firm’s market cap is $201.44 million.
Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.05. The company earned $58 million during the quarter, compared to analysts’ expectations of $59.51 million. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.13 EPS. On average, equities analysts anticipate that Vishay Precision Group Inc. will post $0.51 earnings per share for the current year.
In other news, major shareholder Nokomis Capital, L.L.C. purchased 21,112 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were purchased at an average cost of $13.88 per share, for a total transaction of $293,034.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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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