Vishay Precision Group (NYSE:VPG) Stock Rating Lowered by Zacks Research

Vishay Precision Group (NYSE:VPG) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

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

Vishay Precision Group Trading Down 5.4%

Shares of 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. Vishay Precision Group has a 52-week low of $18.57 and a 52-week high of $56.25. The stock has a market cap of $586.43 million, a price-to-earnings ratio of 110.40, a PEG ratio of 2.42 and a beta of 0.85. The business has a 50-day moving average price of $43.16 and a 200-day moving average price of $35.75.

Vishay Precision Group (NYSE:VPG) last issued its earnings results 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). Vishay Precision Group had a net margin of 1.72% and a return on equity of 2.17%. The firm had revenue of $80.57 million during the quarter, compared to analysts’ expectations of $78.08 million. Equities analysts predict that Vishay Precision Group will post 0.9 EPS for the current year.

Hedge Funds Weigh In On Vishay Precision Group

A number of large investors have recently bought and sold shares of the business. Handelsbanken Fonder AB acquired a new stake in Vishay Precision Group in the 2nd quarter valued at $255,000. Corient Private Wealth LLC acquired a new stake in shares of Vishay Precision Group in the second quarter valued at about $896,000. Acuitas Investments LLC grew its position in shares of Vishay Precision Group by 1,319.6% in the third quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock valued at $32,466,000 after purchasing an additional 941,622 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of Vishay Precision Group during the second quarter worth about $4,689,000. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of Vishay Precision Group during the 2nd quarter worth about $562,000. Institutional investors and hedge funds own 87.61% of the company’s stock.

About Vishay Precision Group

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.