Vishay Precision Group (NYSE:VPG) Shares Up 9.7% – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG) shares shot up 9.7% during mid-day trading on Monday . The company traded as high as $105.85 and last traded at $106.78. 136,308 shares were traded during trading, a decline of 58% from the average session volume of 324,494 shares. The stock had previously closed at $97.32.

Wall Street Analyst Weigh In

Several analysts recently commented on VPG shares. B. Riley Financial upped their price target on shares of Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research raised Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Lake Street Capital upped their target price on Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Vishay Precision Group presently has an average rating of “Buy” and a consensus price target of $83.67.

Vishay Precision Group Stock Up 4.7%

The company has a current ratio of 4.47, a quick ratio of 2.97 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 226.54, a price-to-earnings-growth ratio of 4.99 and a beta of 1.13. The firm has a 50 day moving average price of $53.30 and a two-hundred day moving average price of $45.26.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share (EPS) for the quarter. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. The firm had revenue of $84.35 million during the quarter, compared to the consensus estimate of $77.08 million. On average, equities analysts expect that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vishay Precision Group

Several hedge funds and other institutional investors have recently made changes to their positions in VPG. Strs Ohio purchased a new stake in Vishay Precision Group during the 1st quarter worth $39,000. Farther Finance Advisors LLC raised its position in Vishay Precision Group by 1,180.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 944 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Vishay Precision Group by 826.7% during the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 992 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Vishay Precision Group in the fourth quarter valued at about $51,000. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Vishay Precision Group during the 4th quarter valued at about $75,000. Institutional investors and hedge funds own 87.61% of the company’s stock.

About Vishay Precision Group

Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.