Vishay Precision Group, Inc. (NYSE:VPG) Short Interest Update

Vishay Precision Group, Inc. (NYSE:VPG) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 243,800 shares, an increase of 17.7% from the February 13th total of 207,200 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 87,900 shares, the short-interest ratio is presently 2.8 days.

Vishay Precision Group Stock Down 0.6 %

Shares of NYSE VPG traded down $0.14 during trading hours on Thursday, hitting $22.37. The stock had a trading volume of 6,712 shares, compared to its average volume of 74,251. The company has a market capitalization of $296.56 million, a P/E ratio of 30.23 and a beta of 1.08. The firm’s 50-day moving average price is $23.33 and its two-hundred day moving average price is $23.57. Vishay Precision Group has a 52 week low of $20.83 and a 52 week high of $35.52. 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 (NYSE:VPG) last announced its quarterly 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%. Analysts anticipate that Vishay Precision Group will post 0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

Several large investors have recently made changes to their positions in VPG. Lord Abbett & CO. LLC acquired a new stake in Vishay Precision Group in the 3rd quarter worth approximately $1,014,000. FMR LLC lifted its holdings in Vishay Precision Group by 51.3% in the 3rd quarter. FMR LLC now owns 802,256 shares of the scientific and technical instruments company’s stock worth $20,778,000 after purchasing an additional 271,974 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Vishay Precision Group by 1,238.1% during the third quarter. JPMorgan Chase & Co. now owns 358,325 shares of the scientific and technical instruments company’s stock worth $9,281,000 after buying an additional 331,547 shares during the last quarter. Barclays PLC lifted its holdings in shares of Vishay Precision Group by 71.7% during the third quarter. Barclays PLC now owns 34,422 shares of the scientific and technical instruments company’s stock worth $890,000 after buying an additional 14,376 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Vishay Precision Group by 3.2% in the third quarter. State Street Corp now owns 313,083 shares of the scientific and technical instruments company’s stock valued at $8,109,000 after purchasing an additional 9,660 shares in the last quarter. Institutional investors own 87.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VPG shares. B. Riley raised Vishay Precision Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $24.50 to $28.50 in a research note on Thursday, February 13th. StockNews.com cut Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st.

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.