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

Vishay Precision Group, Inc. (NYSE:VPG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.90 and traded as high as $28.50. Vishay Precision Group shares last traded at $28.02, with a volume of 118,107 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VPG. B. Riley reiterated a "buy" rating on shares of Vishay Precision Group in a research note on Wednesday, May 7th. Wall Street Zen downgraded Vishay Precision Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th.

Vishay Precision Group Trading Up 0.4%

The company has a market cap of $374.06 million, a price-to-earnings ratio of 122.65 and a beta of 0.86. The company has a quick ratio of 2.94, a current ratio of 4.51 and a debt-to-equity ratio of 0.10. The company's 50-day moving average is $25.71 and its 200 day moving average is $23.90.

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

Hedge Funds Weigh In On Vishay Precision Group

Large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position in shares of Vishay Precision Group by 154.2% during the first quarter. Versant Capital Management Inc now owns 1,131 shares of the scientific and technical instruments company's stock worth $27,000 after purchasing an additional 686 shares in the last quarter. CWM LLC boosted its holdings in Vishay Precision Group by 648.2% in the 1st quarter. CWM LLC now owns 1,025 shares of the scientific and technical instruments company's stock valued at $25,000 after purchasing an additional 888 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Vishay Precision Group by 4.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 34,933 shares of the scientific and technical instruments company's stock worth $842,000 after acquiring an additional 1,411 shares during the period. Quantbot Technologies LP grew its holdings in shares of Vishay Precision Group by 77.9% during the 4th quarter. Quantbot Technologies LP now owns 3,515 shares of the scientific and technical instruments company's stock worth $82,000 after purchasing an additional 1,539 shares during the period. Finally, EntryPoint Capital LLC increased its position in shares of Vishay Precision Group by 22.0% during the 4th quarter. EntryPoint Capital LLC now owns 9,596 shares of the scientific and technical instruments company's stock worth $225,000 after purchasing an additional 1,730 shares during the last quarter. 87.61% of the stock is currently owned by institutional investors and hedge funds.

Vishay Precision Group Company Profile

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.