Vishay Precision Group, Inc. (NYSE:VPG) Short Interest Down 17.2% in October

Vishay Precision Group, Inc. (NYSE:VPG) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 147,000 shares, a drop of 17.2% from the October 15th total of 177,500 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 76,400 shares, the days-to-cover ratio is currently 1.9 days.

Wall Street Analyst Weigh In

VPG has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. B. Riley lowered their price objective on shares of Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

Hedge Funds Weigh In On Vishay Precision Group

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Vishay Precision Group by 51.3% during the third quarter. FMR LLC now owns 802,256 shares of the scientific and technical instruments company’s stock valued at $20,778,000 after buying an additional 271,974 shares during the last quarter. Needham Investment Management LLC boosted its holdings in Vishay Precision Group by 5.9% during the 3rd quarter. Needham Investment Management LLC now owns 677,500 shares of the scientific and technical instruments company’s stock valued at $17,547,000 after acquiring an additional 37,500 shares during the period. Geode Capital Management LLC grew its position in Vishay Precision Group by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 319,486 shares of the scientific and technical instruments company’s stock worth $8,276,000 after acquiring an additional 11,391 shares during the last quarter. State Street Corp raised its position in shares of Vishay Precision Group by 3.2% in the 3rd quarter. State Street Corp now owns 313,083 shares of the scientific and technical instruments company’s stock worth $8,109,000 after acquiring an additional 9,660 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Vishay Precision Group by 6.1% during the second quarter. Acadian Asset Management LLC now owns 199,094 shares of the scientific and technical instruments company’s stock valued at $6,059,000 after buying an additional 11,438 shares during the period. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Price Performance

VPG opened at $21.43 on Friday. The company has a current ratio of 4.41, a quick ratio of 2.80 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $284.16 million, a P/E ratio of 21.65 and a beta of 1.17. The stock has a 50-day moving average price of $23.84 and a 200-day moving average price of $28.44. Vishay Precision Group has a 12-month low of $21.11 and a 12-month high of $35.98.

Vishay Precision Group (NYSE:VPG) last issued its earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $75.73 million during the quarter, compared to analyst estimates of $73.47 million. Vishay Precision Group had a return on equity of 6.24% and a net margin of 4.13%. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Equities analysts predict that Vishay Precision Group will post 1.06 earnings per share for the current fiscal year.

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.