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

Vishay Precision Group, Inc. (NYSE:VPG - Get Free Report) 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 changing hands.

Analyst Upgrades and Downgrades

VPG has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Vishay Precision Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. B. Riley reaffirmed a "buy" rating on shares of Vishay Precision Group in a report on Wednesday, May 7th.

Vishay Precision Group Price Performance

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 stock has a market capitalization of $392.23 million, a price-to-earnings ratio of 128.61 and a beta of 0.87. The business's 50 day simple moving average is $26.33 and its 200-day simple moving average is $24.04.

Vishay Precision Group (NYSE:VPG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for 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 year.

Institutional Trading of Vishay Precision Group

Several institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC grew its position in Vishay Precision Group by 648.2% in the first quarter. CWM LLC now owns 1,025 shares of the scientific and technical instruments company's stock valued at $25,000 after acquiring an additional 888 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Vishay Precision Group by 154.2% during the 1st quarter. Versant Capital Management Inc now owns 1,131 shares of the scientific and technical instruments company's stock valued at $27,000 after purchasing an additional 686 shares during the last quarter. 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 valued at $82,000 after purchasing an additional 1,539 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Vishay Precision Group during the 4th quarter worth approximately $184,000. Finally, Wells Fargo & Company MN lifted its stake in Vishay Precision Group by 32.3% in the 4th quarter. Wells Fargo & Company MN now owns 8,067 shares of the scientific and technical instruments company's stock valued at $189,000 after purchasing an additional 1,970 shares during the last quarter. 87.61% of the stock is currently owned by institutional investors.

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.