Vishay Precision Group (NYSE:VPG) Upgraded at StockNews.com

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

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

Vishay Precision Group Stock Performance

VPG opened at $22.91 on Friday. The stock’s 50 day simple moving average is $23.34 and its 200-day simple moving average is $23.49. The company has a current ratio of 4.41, a quick ratio of 2.80 and a debt-to-equity ratio of 0.09. The stock has a market cap of $303.72 million, a PE ratio of 30.96 and a beta of 1.08. Vishay Precision Group has a 1 year low of $20.83 and a 1 year high of $35.52.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share (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%. Sell-side analysts forecast that Vishay Precision Group will post 0.9 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Brooklyn FI LLC bought a new stake in shares of Vishay Precision Group in the 4th quarter worth about $409,000. Two Sigma Investments LP grew its stake in Vishay Precision Group by 28.4% during the fourth quarter. Two Sigma Investments LP now owns 57,366 shares of the scientific and technical instruments company’s stock worth $1,346,000 after buying an additional 12,675 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Vishay Precision Group by 38.1% during the fourth quarter. Nuveen Asset Management LLC now owns 110,775 shares of the scientific and technical instruments company’s stock worth $2,600,000 after buying an additional 30,542 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of Vishay Precision Group during the fourth quarter worth approximately $274,000. Finally, Needham Investment Management LLC raised its stake in shares of Vishay Precision Group by 1.1% in the fourth quarter. Needham Investment Management LLC now owns 685,200 shares of the scientific and technical instruments company’s stock valued at $16,082,000 after acquiring an additional 7,700 shares during the last quarter. 87.61% of the stock is currently owned by institutional investors and hedge funds.

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.