Vishay Precision Group (NYSE:VPG) Rating Lowered to Hold at StockNews.com

Vishay Precision Group (NYSE:VPG) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Separately, B. Riley decreased their price objective on shares of Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th.

Vishay Precision Group Price Performance

Vishay Precision Group stock traded up $1.03 during midday trading on Wednesday, reaching $23.23. The stock had a trading volume of 235,559 shares, compared to its average volume of 63,999. The firm’s fifty day simple moving average is $24.48 and its two-hundred day simple moving average is $28.99. Vishay Precision Group has a twelve month low of $21.56 and a twelve month high of $35.98. The firm has a market cap of $308.03 million, a price-to-earnings ratio of 14.99 and a beta of 1.17.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Vishay Precision Group had a return on equity of 7.49% and a net margin of 6.30%. The firm had revenue of $77.36 million during the quarter, compared to analyst estimates of $78.57 million. During the same period in the prior year, the business posted $0.58 EPS. As a group, sell-side analysts predict that Vishay Precision Group will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

A number of institutional investors have recently modified their holdings of VPG. State Board of Administration of Florida Retirement System acquired a new stake in shares of Vishay Precision Group during the 1st quarter valued at $314,000. Acadian Asset Management LLC boosted its stake in shares of Vishay Precision Group by 20.9% during the 1st quarter. Acadian Asset Management LLC now owns 187,656 shares of the scientific and technical instruments company’s stock valued at $6,627,000 after buying an additional 32,484 shares during the period. Roubaix Capital LLC boosted its stake in shares of Vishay Precision Group by 58.6% during the 1st quarter. Roubaix Capital LLC now owns 74,203 shares of the scientific and technical instruments company’s stock valued at $2,622,000 after buying an additional 27,413 shares during the period. EntryPoint Capital LLC boosted its stake in shares of Vishay Precision Group by 34.2% during the 1st quarter. EntryPoint Capital LLC now owns 4,111 shares of the scientific and technical instruments company’s stock valued at $145,000 after buying an additional 1,048 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Vishay Precision Group by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,102 shares of the scientific and technical instruments company’s stock valued at $711,000 after buying an additional 598 shares during the period. Institutional investors and hedge funds 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.