Vishay Precision Group Inc (NYSE:VPG)’s share price reached a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $29.26 and last traded at $29.40, with a volume of 105878 shares trading hands. The stock had previously closed at $27.80.
The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.08. The company had revenue of $69.40 million for the quarter, compared to analyst estimates of $63.92 million. Vishay Precision Group had a net margin of 5.35% and a return on equity of 7.52%. Vishay Precision Group’s revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS.
Several research firms have weighed in on VPG. B. Riley boosted their target price on shares of Vishay Precision Group from $31.00 to $34.00 and gave the company a “buy” rating in a report on Thursday. ValuEngine lowered shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th.
Several institutional investors have recently added to or reduced their stakes in VPG. SG Americas Securities LLC purchased a new stake in shares of Vishay Precision Group in the 4th quarter valued at approximately $131,000. MetLife Investment Advisors LLC purchased a new stake in shares of Vishay Precision Group in the 4th quarter valued at approximately $132,000. Wells Fargo & Company MN raised its stake in shares of Vishay Precision Group by 10.4% in the 2nd quarter. Wells Fargo & Company MN now owns 8,435 shares of the scientific and technical instruments company’s stock valued at $146,000 after acquiring an additional 794 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Vishay Precision Group by 1,650.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,965 shares of the scientific and technical instruments company’s stock valued at $175,000 after acquiring an additional 6,567 shares during the period. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of Vishay Precision Group in the 2nd quarter valued at approximately $187,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.
The stock has a market capitalization of $392.10, a P/E ratio of 30.73, a PEG ratio of 1.06 and a beta of 1.01. The company has a current ratio of 3.92, a quick ratio of 2.65 and a debt-to-equity ratio of 0.16.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/23/vishay-precision-group-vpg-hits-new-1-year-high-on-strong-earnings.html.
About Vishay Precision Group
Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
Receive News & Ratings for Vishay Precision Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vishay Precision Group and related companies with MarketBeat.com's FREE daily email newsletter.