Vishay Precision Group (NYSE:VPG) Reaches New 12-Month High – What’s Next?

Vishay Precision Group, Inc. (NYSE:VPG) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $38.91 and last traded at $38.5350, with a volume of 17774 shares changing hands. The stock had previously closed at $37.32.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vishay Precision Group in a report on Monday. Finally, Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Vishay Precision Group presently has a consensus rating of “Hold” and an average price target of $28.50.

Vishay Precision Group Trading Up 2.4%

The stock has a market capitalization of $507.26 million, a PE ratio of 63.67, a P/E/G ratio of 2.68 and a beta of 0.86. The company’s 50 day moving average price is $34.01 and its two-hundred day moving average price is $30.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 2.71.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $79.73 million during the quarter, compared to the consensus estimate of $76.63 million. Vishay Precision Group had a net margin of 2.65% and a return on equity of 2.02%. As a group, analysts expect that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current year.

Institutional Trading of Vishay Precision Group

Several large investors have recently added to or reduced their stakes in VPG. Acuitas Investments LLC increased its stake in shares of Vishay Precision Group by 1,319.6% in the 3rd quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock worth $32,466,000 after acquiring an additional 941,622 shares during the last quarter. CSM Advisors LLC purchased a new stake in shares of Vishay Precision Group in the second quarter valued at about $5,565,000. Segall Bryant & Hamill LLC acquired a new stake in Vishay Precision Group during the second quarter worth about $4,689,000. AIGH Capital Management LLC raised its stake in Vishay Precision Group by 60.7% during the second quarter. AIGH Capital Management LLC now owns 423,484 shares of the scientific and technical instruments company’s stock worth $11,900,000 after purchasing an additional 159,919 shares during the period. Finally, Bastion Asset Management Inc. acquired a new position in Vishay Precision Group in the 3rd quarter valued at about $4,904,000. 87.61% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Precision Group Company Profile

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.