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

Vishay Precision Group, Inc. (NYSE:VPG - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.12 and traded as high as $29.00. Vishay Precision Group shares last traded at $28.44, with a volume of 156,032 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. B. Riley reaffirmed a "buy" rating on shares of Vishay Precision Group in a research note on Wednesday, May 7th. Wall Street Zen lowered shares of Vishay Precision Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th.

Vishay Precision Group Trading Up 0.7%

The company has a fifty day simple moving average of $26.50 and a 200-day simple moving average of $24.12. The stock has a market cap of $377.11 million, a price-to-earnings ratio of 123.65 and a beta of 0.87. The company has a current ratio of 4.51, a quick ratio of 2.94 and a debt-to-equity ratio of 0.10.

Vishay Precision Group (NYSE:VPG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The scientific and technical instruments company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Vishay Precision Group had a return on equity of 2.30% and a net margin of 1.03%. The firm had revenue of $71.74 million during the quarter, compared to analyst estimates of $73.04 million. On average, research analysts forecast that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VPG. Vanguard Group Inc. grew its position in Vishay Precision Group by 1.7% in the first quarter. Vanguard Group Inc. now owns 917,967 shares of the scientific and technical instruments company's stock worth $22,114,000 after acquiring an additional 15,190 shares in the last quarter. Needham Investment Management LLC grew its position in Vishay Precision Group by 1.1% in the fourth quarter. Needham Investment Management LLC now owns 685,200 shares of the scientific and technical instruments company's stock worth $16,082,000 after acquiring an additional 7,700 shares in the last quarter. Royce & Associates LP grew its position in Vishay Precision Group by 1.0% in the first quarter. Royce & Associates LP now owns 527,103 shares of the scientific and technical instruments company's stock worth $12,698,000 after acquiring an additional 5,070 shares in the last quarter. Portolan Capital Management LLC bought a new stake in Vishay Precision Group in the fourth quarter worth approximately $11,552,000. Finally, Lord Abbett & CO. LLC grew its position in Vishay Precision Group by 18.8% in the first quarter. Lord Abbett & CO. LLC now owns 364,626 shares of the scientific and technical instruments company's stock worth $8,784,000 after acquiring an additional 57,634 shares in the last quarter. 87.61% of the stock is owned by hedge funds and other institutional investors.

About Vishay Precision Group

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.

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