Vishay Precision Group (NYSE:VPG) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• VPG crossed above its 200‑day moving average — the stock traded as high as $61.83 and last at $60.18 versus the 200‑day MA of $42.57 on volume of about 171,774 shares.
• Analysts are mixed with a consensus rating of "Hold" and a $53.67 consensus target; individual ratings range from Sell to Buy with price targets from roughly $54 to $63.
• The company missed quarterly EPS estimates ($0.07 actual vs. $0.21 expected) despite a slight revenue beat, trades at a high P/E (~150), has low debt (debt/equity 0.06), and roughly 87.6% of shares are held by institutions.

Vishay Precision Group, Inc. (NYSE:VPG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.57 and traded as high as $61.83. Vishay Precision Group shares last traded at $60.1840, with a volume of 171,774 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of Vishay Precision Group from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. Weiss Ratings lowered shares of Vishay Precision Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 6th. Lake Street Capital set a $54.00 price objective on shares of Vishay Precision Group and gave the company a "buy" rating in a research report on Thursday, February 12th. Wall Street Zen lowered shares of Vishay Precision Group from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Finally, B. Riley Financial restated a "buy" rating and issued a $63.00 price objective (up from $45.00) on shares of Vishay Precision Group in a research report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $53.67.

Vishay Precision Group Price Performance

The business's 50 day moving average is $47.68 and its two-hundred day moving average is $42.57. The firm has a market capitalization of $800.45 million, a PE ratio of 150.46, a P/E/G ratio of 3.96 and a beta of 1.13. 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 - Get Free Report) last announced its earnings results on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.14). The company had revenue of $80.57 million during the quarter, compared to analysts' expectations of $78.08 million. Vishay Precision Group had a net margin of 1.72% and a return on equity of 2.16%. As a group, research analysts anticipate that Vishay Precision Group, Inc. will post 0.76 EPS for the current year.

Institutional Investors Weigh In On Vishay Precision Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its stake in Vishay Precision Group by 6.3% in the fourth quarter. LPL Financial LLC now owns 7,522 shares of the scientific and technical instruments company's stock valued at $290,000 after purchasing an additional 448 shares in the last quarter. UBS Group AG raised its stake in shares of Vishay Precision Group by 0.8% during the third quarter. UBS Group AG now owns 67,724 shares of the scientific and technical instruments company's stock worth $2,171,000 after acquiring an additional 523 shares in the last quarter. K2 Principal Fund L.P. raised its stake in shares of Vishay Precision Group by 9.0% during the fourth quarter. K2 Principal Fund L.P. now owns 10,900 shares of the scientific and technical instruments company's stock worth $420,000 after acquiring an additional 900 shares in the last quarter. Strs Ohio purchased a new position in shares of Vishay Precision Group during the first quarter worth approximately $39,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Vishay Precision Group by 1,180.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company's stock worth $39,000 after acquiring an additional 944 shares in the last quarter. 87.61% of the stock is owned by hedge funds and other 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.

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