Vishay Precision Group (NYSE:VPG) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Wall Street Zen upgraded Vishay Precision Group from a "hold" rating to a "buy" rating, indicating increased investor confidence in the company's potential.
• Vishay Precision Group reported $0.17 EPS for the last quarter, surpassing analysts' expectations and contributing to a positive outlook for the company's earnings in the current year.
• A significant portion of Vishay Precision Group's stock, 87.61%, is owned by institutional investors and hedge funds, reflecting strong institutional interest in the company.

Vishay Precision Group (NYSE:VPG - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Separately, B. Riley restated a "buy" rating on shares of Vishay Precision Group in a research note on Wednesday, May 7th.

Vishay Precision Group Stock Performance

NYSE VPG traded up $0.45 during trading hours on Friday, hitting $27.55. The company's stock had a trading volume of 17,506 shares, compared to its average volume of 145,051. Vishay Precision Group has a 12 month low of $18.57 and a 12 month high of $30.11. The company's 50 day simple moving average is $27.40 and its two-hundred day simple moving average is $24.87. The company has a market cap of $365.31 million, a P/E ratio of -306.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.35 and a quick ratio of 2.87.

Vishay Precision Group (NYSE:VPG - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The scientific and technical instruments company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.04 by $0.13. Vishay Precision Group had a positive return on equity of 1.72% and a negative net margin of 0.43%. The company had revenue of $75.16 million during the quarter, compared to the consensus estimate of $72.93 million. As a group, sell-side analysts expect that Vishay Precision Group will post 0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VPG. CWM LLC lifted its position in shares of Vishay Precision Group by 648.2% during the 1st quarter. CWM LLC now owns 1,025 shares of the scientific and technical instruments company's stock valued at $25,000 after buying an additional 888 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Vishay Precision Group by 2,638.2% during the 2nd quarter. GAMMA Investing LLC now owns 931 shares of the scientific and technical instruments company's stock valued at $26,000 after buying an additional 897 shares in the last quarter. Versant Capital Management Inc lifted its position 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 buying an additional 686 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Vishay Precision Group during the 4th quarter valued at about $184,000. Finally, Wells Fargo & Company MN lifted its position in shares of Vishay Precision Group by 32.3% during 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 buying an additional 1,970 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, 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.