Vishay Precision Group (NYSE:VPG) Stock Price Up 11.6% – Time to Buy?

Vishay Precision Group, Inc. (NYSE:VPG) shares shot up 11.6% during mid-day trading on Monday . The company traded as high as $141.63 and last traded at $142.6190. 593,002 shares changed hands during trading, an increase of 47% from the average daily volume of 402,239 shares. The stock had previously closed at $127.82.

Analyst Ratings Changes

VPG has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research upgraded shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Lake Street Capital lifted their price objective on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. B. Riley Financial upped their target price on shares of Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $83.67.

Vishay Precision Group Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47. The company has a market cap of $1.90 billion, a PE ratio of 316.34, a PEG ratio of 6.55 and a beta of 1.45. The business’s 50-day moving average is $102.30 and its 200 day moving average is $64.66.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings data on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 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 research analysts predict that Vishay Precision Group, Inc. will post 0.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Vishay Precision Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in Vishay Precision Group by 826.7% in the 3rd 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. Farther Finance Advisors LLC increased its stake in Vishay Precision Group by 1,180.0% during the 4th 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 in the last quarter. Strs Ohio purchased a new position in Vishay Precision Group in the first quarter worth about $39,000. Kestra Advisory Services LLC bought a new position in shares of Vishay Precision Group in the fourth quarter worth approximately $51,000. Finally, Optiver Holding B.V. lifted its stake in shares of Vishay Precision Group by 1,195.3% in the first quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company’s stock worth $60,000 after buying an additional 1,267 shares in the last quarter. 87.61% of the stock is currently owned by institutional investors.

Vishay Precision Group Company Profile

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.