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 note issued to investors on Friday.

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

Vishay Precision Group Stock Down 3.0 %

Shares of VPG opened at $25.31 on Friday. The firm has a market cap of $335.09 million, a P/E ratio of 34.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.80 and a current ratio of 4.41. Vishay Precision Group has a 52 week low of $20.83 and a 52 week high of $35.54. The firm’s 50-day simple moving average is $23.56 and its 200 day simple moving average is $24.21.

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

Institutional Trading of Vishay Precision Group

A number of institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in shares of Vishay Precision Group during the third quarter worth approximately $51,000. Quest Partners LLC acquired a new stake in Vishay Precision Group during the third quarter worth approximately $66,000. SG Americas Securities LLC bought a new position in Vishay Precision Group during the 3rd quarter worth $146,000. Cubist Systematic Strategies LLC acquired a new position in Vishay Precision Group in the 4th quarter valued at $184,000. Finally, Wells Fargo & Company MN lifted its position in shares of Vishay Precision Group by 32.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,067 shares of the scientific and technical instruments company’s stock valued at $189,000 after acquiring an additional 1,970 shares during the period. Institutional investors own 87.61% of the company’s stock.

About Vishay Precision Group

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.