Separately, B. Riley set a $53.00 price objective on Vishay Precision Group and gave the company a buy rating in a research note on Wednesday, May 8th.
Shares of VPG opened at $30.67 on Thursday. The stock has a 50-day simple moving average of $38.72 and a 200-day simple moving average of $36.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.12 and a current ratio of 4.39. The stock has a market capitalization of $412.56 million, a PE ratio of 14.96 and a beta of 1.02. Vishay Precision Group has a 1 year low of $26.34 and a 1 year high of $45.00.
Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). The company had revenue of $70.90 million during the quarter, compared to analysts’ expectations of $73.71 million. Vishay Precision Group had a net margin of 8.26% and a return on equity of 13.16%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. Analysts predict that Vishay Precision Group will post 1.84 EPS for the current year.
In related news, Director Saul Reibstein sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $36.10, for a total transaction of $54,150.00. Following the completion of the sale, the director now owns 12,699 shares in the company, valued at $458,433.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.14% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of VPG. BNP Paribas Arbitrage SA lifted its stake in Vishay Precision Group by 3,279.7% during the first quarter. BNP Paribas Arbitrage SA now owns 2,163 shares of the scientific and technical instruments company’s stock worth $74,000 after purchasing an additional 2,099 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Vishay Precision Group by 31.0% during the fourth quarter. Macquarie Group Ltd. now owns 2,536 shares of the scientific and technical instruments company’s stock worth $77,000 after purchasing an additional 600 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Vishay Precision Group by 365.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,679 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 2,888 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Vishay Precision Group during the first quarter worth approximately $150,000. Finally, Man Group plc acquired a new position in Vishay Precision Group during the second quarter worth approximately $203,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.
About Vishay Precision Group
Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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