Vishay Precision Group (NYSE:VPG) Stock Price Down 9.6% – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG) fell 9.6% during trading on Tuesday . The company traded as low as $68.86 and last traded at $68.8920. Approximately 110,764 shares traded hands during trading, a decline of 75% from the average daily volume of 448,526 shares. The stock had previously closed at $76.23.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings cut shares of Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday. B. Riley Financial dropped their price target on shares of Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of Vishay Precision Group from a “buy” rating to a “sell” rating in a research note on Saturday, August 8th. Zacks Research lowered shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, Lake Street Capital boosted their price objective on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $82.33.

Vishay Precision Group Stock Down 7.1%

The stock has a market capitalization of $838.80 million, a price-to-earnings ratio of 209.92, a price-to-earnings-growth ratio of 5.74 and a beta of 1.46. The firm has a 50-day moving average of $107.46 and a 200 day moving average of $79.89. The company has a current ratio of 4.15, a quick ratio of 2.72 and a debt-to-equity ratio of 0.05.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.15). The firm had revenue of $83.94 million during the quarter, compared to analyst estimates of $87.44 million. Vishay Precision Group had a net margin of 1.20% and a return on equity of 1.77%. On average, sell-side analysts anticipate that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On Vishay Precision Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Roubaix Capital LLC purchased a new position in Vishay Precision Group in the 1st quarter valued at about $6,989,000. Assenagon Asset Management S.A. acquired a new stake in shares of Vishay Precision Group during the second quarter valued at about $2,720,000. Bastion Asset Management Inc. increased its position in shares of Vishay Precision Group by 31.0% during the first quarter. Bastion Asset Management Inc. now owns 224,196 shares of the scientific and technical instruments company’s stock worth $9,813,000 after acquiring an additional 53,102 shares during the last quarter. Sei Investments Co. increased its position in shares of Vishay Precision Group by 71.3% during the first quarter. Sei Investments Co. now owns 167,086 shares of the scientific and technical instruments company’s stock worth $7,255,000 after acquiring an additional 69,573 shares during the last quarter. Finally, Andar Capital Management HK Ltd acquired a new position in shares of Vishay Precision Group in the second quarter worth about $45,000,000. Hedge funds and other institutional investors 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.