Vishay Precision Group Downgraded to Hold by StockNews.com

On Thursday, equities research analysts at StockNews.com announced a downgrade for Vishay Precision Group (NYSE:VPG), changing its rating from "buy" to "hold." This decision reflects a more cautious outlook on the company’s stock performance.

In a separate report released on the same day, B. Riley upgraded Vishay Precision Group from a "neutral" rating to a "buy" rating and raised their target price for the stock from $24.50 to $28.50. This indicates some analysts still see potential in the stock despite the downgrade.

Vishay Precision Group Stock Performance

During trading on Thursday, shares of Vishay Precision Group experienced an increase of 8.1%, reaching $24.88. A total of 148,895 shares changed hands, significantly above the average volume of 85,048 shares. The company's 50-day moving average stands at $23.34, while its 200-day moving average is $24.51. Over the past year, the stock has fluctuated between a low of $20.83 and a high of $35.98. Currently, Vishay Precision Group holds a market capitalization of $329.43 million, with a price-to-earnings ratio of 25.13 and a beta of 1.15.

Most recently, Vishay Precision Group reported its quarterly earnings on February 12th. The company posted earnings per share (EPS) of $0.03, falling short of the analysts' consensus estimate of $0.13 by $0.10. Its return on equity is reported at 6.24%, with a net margin of 4.13%. Looking ahead, analysts expect Vishay Precision Group to post an EPS of 1.06 for the current fiscal year.

Institutional Investors' Interest

In recent months, several hedge funds and institutional investors have adjusted their holdings in Vishay Precision Group. For instance, Quantbot Technologies LP acquired a new stake valued at around $51,000 during the third quarter. Similarly, Quest Partners LLC and SG Americas Securities LLC also purchased new stakes valued at $66,000 and $146,000, respectively. Notably, Wells Fargo & Company MN increased its position in the stock by 32.3% in the fourth quarter, now holding 8,067 shares worth approximately $189,000.

Overall, institutional investors and hedge funds currently own about 87.61% of Vishay Precision Group's stock, indicating strong institutional support.

Overview of Vishay Precision Group

Vishay Precision Group Inc. specializes in designing, manufacturing, and marketing advanced sensors, weighing solutions, and measurement systems across various regions, including the United States, Israel, the United Kingdom, Europe, Asia, and Canada. The company operates through three primary segments: Sensors, Weighing Solutions, and Measurement Systems.

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