Vishay Precision Group (NYSE:VPG) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Vishay Precision Group (NYSE:VPG) from a hold rating to a buy rating in a research report report published on Friday.

Separately, B. Riley upgraded Vishay Precision Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $24.50 to $28.50 in a research note on Thursday, February 13th.

Vishay Precision Group Price Performance

Shares of NYSE VPG opened at $22.91 on Friday. The firm has a market cap of $303.72 million, a P/E ratio of 30.96 and a beta of 1.08. The company has a current ratio of 4.41, a quick ratio of 2.80 and a debt-to-equity ratio of 0.09. Vishay Precision Group has a 1-year low of $20.83 and a 1-year high of $35.52. The business’s 50 day moving average is $23.34 and its 200-day moving average is $23.53.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). Vishay Precision Group had a return on equity of 3.87% and a net margin of 3.23%. Equities research analysts predict that Vishay Precision Group will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On Vishay Precision Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Lord Abbett & CO. LLC bought a new position in shares of Vishay Precision Group in the 3rd quarter valued at $1,014,000. FMR LLC boosted its holdings in shares of Vishay Precision Group by 51.3% during the 3rd quarter. FMR LLC now owns 802,256 shares of the scientific and technical instruments company’s stock valued at $20,778,000 after acquiring an additional 271,974 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Vishay Precision Group by 1,238.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 358,325 shares of the scientific and technical instruments company’s stock valued at $9,281,000 after acquiring an additional 331,547 shares in the last quarter. Barclays PLC boosted its holdings in shares of Vishay Precision Group by 71.7% during the 3rd quarter. Barclays PLC now owns 34,422 shares of the scientific and technical instruments company’s stock valued at $890,000 after acquiring an additional 14,376 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Vishay Precision Group by 3.2% during the 3rd quarter. State Street Corp now owns 313,083 shares of the scientific and technical instruments company’s stock valued at $8,109,000 after acquiring an additional 9,660 shares in the last quarter. Institutional investors own 87.61% of the company’s stock.

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.