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

Key Points

• 200-day breakout: VPG crossed above its 200-day moving average of $39.41, trading as high as $42.19 and last at $40.68 on volume of 242,853 (the stock was down ~2.1% at the time).
• Earnings miss but revenue beat: The company reported quarterly EPS of $0.07 vs. $0.21 expected while revenue of $80.57M topped estimates, leaving slim profitability (net margin 1.72%) and a high PE of 101.7; analysts forecast about $0.90 EPS for the year.
• Mixed analyst outlook: Analysts are split (two Buys, two Sells) with an average rating of Hold and an average price target of $53.67, amid notable moves like B. Riley lifting its target to $63 and Weiss/Zacks lowering their ratings to sell/strong sell.

Vishay Precision Group, Inc. (NYSE:VPG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $39.41 and traded as high as $42.19. Vishay Precision Group shares last traded at $40.68, with a volume of 242,853 shares.

Analyst Ratings Changes

A number of research analysts have weighed in on VPG shares. Weiss Ratings cut shares of Vishay Precision Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 6th. Zacks Research lowered shares of Vishay Precision Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 12th. B. Riley Financial reissued a "buy" rating and issued a $63.00 target price (up from $45.00) on shares of Vishay Precision Group in a research note on Tuesday, February 3rd. Loop Capital set a $44.00 target price on shares of Vishay Precision Group in a report on Thursday, December 18th. Finally, Lake Street Capital set a $54.00 price target on shares of Vishay Precision Group and gave the stock a "buy" rating in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Vishay Precision Group has an average rating of "Hold" and an average price target of $53.67.

Vishay Precision Group Trading Down 2.1%

The business's 50-day simple moving average is $46.01 and its two-hundred day simple moving average is $39.41. The company has a current ratio of 4.47, a quick ratio of 2.97 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $540.92 million, a PE ratio of 101.70, a PEG ratio of 2.73 and a beta of 0.86.

Vishay Precision Group (NYSE:VPG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.14). Vishay Precision Group had a net margin of 1.72% and a return on equity of 2.16%. The business had revenue of $80.57 million during the quarter, compared to analysts' expectations of $78.08 million. On average, analysts predict that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On Vishay Precision Group

Hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB acquired a new stake in Vishay Precision Group during the second quarter valued at approximately $255,000. XTX Topco Ltd acquired a new position in shares of Vishay Precision Group in the 2nd quarter worth approximately $289,000. Invesco Ltd. grew its position 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 worth $741,000 after acquiring an additional 2,763 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Vishay Precision Group by 4.3% in the 2nd quarter. First Trust Advisors LP now owns 39,578 shares of the scientific and technical instruments company's stock valued at $1,112,000 after acquiring an additional 1,615 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Vishay Precision Group in the 2nd quarter valued at approximately $338,000. 87.61% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.