Vishay Precision Group (NYSE:VPG) Shares Gap Up – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG) shares gapped up before the market opened on Wednesday . The stock had previously closed at $85.57, but opened at $92.37. Vishay Precision Group shares last traded at $93.7260, with a volume of 223,608 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VPG shares. Lake Street Capital reaffirmed a “buy” rating and set a $98.00 target price on shares of Vishay Precision Group in a research note on Wednesday. Weiss Ratings lowered shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. B. Riley Financial reaffirmed a “buy” rating on shares of Vishay Precision Group in a research note on Wednesday. Wall Street Zen lowered shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Zacks Research raised shares of Vishay Precision Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $68.33.

Vishay Precision Group Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97. The firm’s 50 day moving average is $50.22 and its 200 day moving average is $43.93. The firm has a market cap of $1.34 billion, a P/E ratio of 250.87, a price-to-earnings-growth ratio of 4.38 and a beta of 1.13.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 EPS for the quarter. Vishay Precision Group had a net margin of 1.72% and a return on equity of 2.16%. The business had revenue of $84.35 million for the quarter, compared to analyst estimates of $77.08 million. As a group, analysts anticipate that Vishay Precision Group, Inc. will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VPG. Russell Investments Group Ltd. lifted its stake 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 buying an additional 992 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Vishay Precision Group by 1,180.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock worth $39,000 after buying an additional 944 shares in the last quarter. Strs Ohio bought a new position in shares of Vishay Precision Group in the first quarter worth approximately $39,000. Kestra Advisory Services LLC bought a new position in shares of Vishay Precision Group in the fourth quarter worth approximately $51,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of Vishay Precision Group in the fourth quarter worth approximately $75,000. Institutional investors 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.