Vishay Precision Group (NYSE:VPG) Shares Down 6% – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG) dropped 6% during mid-day trading on Thursday . The company traded as low as $133.00 and last traded at $135.41. Approximately 156,419 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 407,983 shares. The stock had previously closed at $144.01.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Lake Street Capital boosted their price target on Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. B. Riley Financial increased their price target on Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Zacks Research upgraded Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $83.67.

Vishay Precision Group Price Performance

The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 278.10, a P/E/G ratio of 7.69 and a beta of 1.42. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The business’s 50 day simple moving average is $107.90 and its 200-day simple moving average is $66.93.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in shares of Vishay Precision Group by 11.7% in the 2nd quarter. Invesco Ltd. now owns 26,353 shares of the scientific and technical instruments company’s stock valued at $741,000 after purchasing an additional 2,763 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Vishay Precision Group by 4.3% during the 2nd quarter. First Trust Advisors LP now owns 39,578 shares of the scientific and technical instruments company’s stock worth $1,112,000 after buying an additional 1,615 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Vishay Precision Group during the 2nd quarter worth $338,000. Sei Investments Co. bought a new stake in shares of Vishay Precision Group during the 2nd quarter worth $218,000. Finally, Quantinno Capital Management LP boosted its stake in Vishay Precision Group by 56.4% in the second quarter. Quantinno Capital Management LP now owns 31,389 shares of the scientific and technical instruments company’s stock valued at $882,000 after buying an additional 11,324 shares in the last quarter. 87.61% of the stock is currently owned by institutional investors and hedge funds.

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.