Vishay Precision Group (NYSE:VPG) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Vishay Precision Group, Inc. (NYSE:VPG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $55.32 and traded as high as $133.15. Vishay Precision Group shares last traded at $122.61, with a volume of 602,519 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VPG shares. Lake Street Capital lifted their price objective on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Wall Street Zen upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. B. Riley Financial boosted their target price on shares of Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.67.

Vishay Precision Group Trading Up 16.2%

The business has a 50-day simple moving average of $82.69 and a two-hundred day simple moving average of $56.76. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 315.65, a P/E/G ratio of 6.27 and a beta of 1.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data 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 the consensus estimate of $77.08 million. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. Equities analysts forecast that Vishay Precision Group, Inc. will post 0.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Vishay Precision Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Vishay Precision Group by 2.7% in the third quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock valued at $30,049,000 after purchasing an additional 24,235 shares during the last quarter. Harvey Partners LLC grew its stake in shares of Vishay Precision Group by 21.3% in the third quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock valued at $11,923,000 after acquiring an additional 65,315 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Vishay Precision Group by 2.7% in the second quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company’s stock valued at $9,614,000 after acquiring an additional 8,923 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Vishay Precision Group by 120.7% in the fourth quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock valued at $11,988,000 after acquiring an additional 170,307 shares in the last quarter. Finally, Tieton Capital Management LLC grew its stake in shares of Vishay Precision Group by 0.5% in the fourth quarter. Tieton Capital Management LLC now owns 311,226 shares of the scientific and technical instruments company’s stock valued at $11,982,000 after acquiring an additional 1,495 shares in the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.

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.