Vishay Precision Group (NYSE:VPG) Downgraded by Zacks Research to “Strong Sell”

Zacks Research lowered shares of Vishay Precision Group (NYSE:VPG) from a hold rating to a strong sell rating in a research note issued to investors on Thursday morning,Zacks.com reports.

VPG has been the topic of a number of other reports. Weiss Ratings cut Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. B. Riley Financial reaffirmed a “buy” rating and issued a $63.00 price objective (up previously from $45.00) on shares of Vishay Precision Group in a report on Tuesday, February 3rd. Loop Capital set a $44.00 target price on shares of Vishay Precision Group in a research note on Thursday, December 18th. Wall Street Zen cut shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Lake Street Capital set a $54.00 price target on Vishay Precision Group and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vishay Precision Group has an average rating of “Hold” and an average price target of $53.67.

Vishay Precision Group Trading Down 5.4%

NYSE:VPG opened at $44.16 on Thursday. The company has a quick ratio of 2.71, a current ratio of 4.10 and a debt-to-equity ratio of 0.06. The company has a market cap of $586.43 million, a PE ratio of 110.40, a P/E/G ratio of 2.42 and a beta of 0.85. Vishay Precision Group has a 52 week low of $18.57 and a 52 week high of $56.25. The business’s 50 day moving average is $43.16 and its two-hundred day moving average is $35.75.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.14). The business had revenue of $80.57 million during the quarter, compared to analyst estimates of $78.08 million. Vishay Precision Group had a return on equity of 2.17% and a net margin of 1.72%. On average, analysts predict that Vishay Precision Group will post 0.9 EPS for the current year.

Hedge Funds Weigh In On Vishay Precision Group

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in shares of Vishay Precision Group by 1,180.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 944 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Vishay Precision Group by 826.7% in the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 992 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Vishay Precision Group during the fourth quarter valued at approximately $51,000. Central Pacific Bank Trust Division acquired a new stake in shares of Vishay Precision Group during the fourth quarter valued at approximately $75,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Vishay Precision Group by 85.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $75,000 after acquiring an additional 1,076 shares in the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.

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.