Vishay Precision Group (NYSE:VPG) Trading Down 11.9% – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG)’s share price dropped 11.9% during trading on Tuesday . The stock traded as low as $91.36 and last traded at $90.10. Approximately 77,112 shares changed hands during trading, a decline of 81% from the average daily volume of 415,378 shares. The stock had previously closed at $102.31.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VPG. Lake Street Capital increased their target price on Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Zacks Research downgraded Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, B. Riley Financial raised their target price on shares of Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.67.

Vishay Precision Group Price Performance

The company has a market capitalization of $1.08 billion, a PE ratio of 180.45, a price-to-earnings-growth ratio of 4.71 and a beta of 1.43. The stock’s 50-day moving average is $121.46 and its two-hundred day moving average is $76.58. The company has a current ratio of 4.47, a quick ratio of 2.97 and a debt-to-equity ratio of 0.06.

Vishay Precision Group (NYSE:VPG) last released its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. The business had revenue of $84.35 million during the quarter, compared to the consensus estimate of $77.08 million. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%. On average, equities analysts predict that Vishay Precision Group, Inc. will post 0.97 EPS for the current year.

Hedge Funds Weigh In On Vishay Precision Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bastion Asset Management Inc. lifted its holdings in Vishay Precision Group by 31.0% in the first quarter. Bastion Asset Management Inc. now owns 224,196 shares of the scientific and technical instruments company’s stock valued at $9,813,000 after acquiring an additional 53,102 shares during the period. Roubaix Capital LLC acquired a new stake in shares of Vishay Precision Group during the 1st quarter worth approximately $6,989,000. Corsair Capital Management L.P. increased its holdings in shares of Vishay Precision Group by 24.0% during the 1st quarter. Corsair Capital Management L.P. now owns 31,002 shares of the scientific and technical instruments company’s stock valued at $1,346,000 after purchasing an additional 6,000 shares in the last quarter. Hunter Associates Investment Management LLC acquired a new position in shares of Vishay Precision Group in the 4th quarter valued at $2,459,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Vishay Precision Group in the 1st quarter valued at $1,072,000. Hedge funds and other 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.