Vishay Precision Group, Inc. (NYSE:VPG) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

A number of other research analysts have also issued reports on VPG. B. Riley restated a “buy” rating and set a $23.00 price objective on shares of Vishay Precision Group in a research report on Sunday, August 13th. BidaskClub upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th.

Shares of Vishay Precision Group (NYSE VPG) opened at 21.55 on Wednesday. The stock has a market cap of $286.42 million, a PE ratio of 29.89 and a beta of 0.91. The stock’s 50 day moving average price is $19.22 and its 200 day moving average price is $17.43. Vishay Precision Group has a 1-year low of $15.10 and a 1-year high of $22.80.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, August 8th. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. Vishay Precision Group had a return on equity of 7.25% and a net margin of 4.16%. The business had revenue of $62.30 million during the quarter, compared to analyst estimates of $60.19 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that Vishay Precision Group will post $0.92 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the business. American International Group Inc. raised its stake in Vishay Precision Group by 7.0% during the 1st quarter. American International Group Inc. now owns 7,440 shares of the scientific and technical instruments company’s stock valued at $118,000 after acquiring an additional 484 shares in the last quarter. Wells Fargo & Company MN raised its stake in Vishay Precision Group by 10.4% during the 2nd quarter. Wells Fargo & Company MN now owns 8,435 shares of the scientific and technical instruments company’s stock valued at $146,000 after acquiring an additional 794 shares in the last quarter. TFS Capital LLC bought a new stake in Vishay Precision Group during the 1st quarter valued at $158,000. Parametric Portfolio Associates LLC bought a new stake in Vishay Precision Group during the 2nd quarter valued at $187,000. Finally, Citigroup Inc. raised its stake in Vishay Precision Group by 40.7% during the 2nd quarter. Citigroup Inc. now owns 11,309 shares of the scientific and technical instruments company’s stock valued at $195,000 after acquiring an additional 3,272 shares in the last quarter. 86.47% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Precision Group Company Profile

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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