Vishay Precision Group Faces Downgrade from StockNews.com

In recent market news, Vishay Precision Group VPG, a notable player in the design, manufacturing, and sale of sensors, and measurement systems, experienced a shift in its stock rating. StockNews.com altered the company's rating from 'strong-buy' to 'buy.' This change came to light in a report published on November 12th, 2023, marking a notable adjustment in the market's view of the company's stock.

Price Objective Adjustments and Trading Performance

Notably, alongside StockNews.com's downgrade, analyst firm B. Riley also revised their price objective for Vishay Precision Group, moving it from $49.00 to $41.00 yet maintaining a 'buy' rating. On the trading front, VPG started the day at $28.04. The company boasts a market capitalization of $381.46 million, trades with a price-to-earnings (P/E) ratio of 12.63, and maintains a moderate beta of 1.28. Over recent periods, the stock's fifty-day simple moving average was recorded at $32.44 with a two hundred day simple moving average of $34.97. VPG's 12-month performance ranged from a low of $27.97 to a high of $45.69, with liquidity ratios indicating a current ratio of 4.35 and a quick ratio of 2.86, under a manageable debt-to-equity ratio of 0.17.

Recent Earnings and Future Projections

On the earnings front, Vishay Precision Group announced quarterly figures on November 7th that fell short of market expectations. The revealed earnings per share (EPS) of $0.47 missed analyst predictions by $0.09. The company's net margin stood at 8.38% with a return on equity of 10.06%. Revenue totals hit $85.85 million against a projected $90.11 million. Historical comparison shows a year-over-year decrease from an EPS of $0.69. Projections now situate VPG to potentially post $1.87 EPS for the current fiscal year.

Institutional Movements

Examining institutional activity shows various hedge funds engaging with VPG. Novelties in stock holdings involve firms like Janney Montgomery Scott LLC, Royce & Associates LP, Martingale Asset Management L P, Annex Advisory Services LLC, and Altshuler Shaham Ltd adapting their positions. Collectively, institutional investors claim ownership of approximately 85.13% of the company's stock.

Vishay Precision Group's Profile

Broadening the lens to encompass the company profile, Vishay Precision Group VPG, headquartered in Malvern, Pennsylvania, spans a global market presence covering the United States, Israel, the United Kingdom, Europe, Asia, and Canada. Its operational segments, consisting of Sensors, Weighing Solutions, and Measurement Systems, highlight the company's diversified engagement within its industry.

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