(NYSE:VPG) shares saw heavy trading volume with 92K shares changing hands by the end of trading on Tuesday. Overall, volume was up 125.05% over the stocks normal daily volume.
Investors are feeling more bullish on Vishay Precision Group as inferred by the decrease in short interest. The company recorded a fall in short interest of -6.30% between September 29, 2017 and October 13, 2017. Short shares decreased from 101,752 to 95,337 over that period. The short-interest ratio increased to 5.0 and the percentage of shorted shares is 0.01% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (VPG). As of the end of the quarter AXA had bought 11,700 shares growing its stake by 35.1%. The value in dollars increased from $576,000 to $1,099,000 increasing 90.8% quarter to quarter. Vivaldi Asset Management, LLC divested its position by selling 48,639 shares a decrease of 12.5%. Vivaldi Asset Management, LLC controls 340,035 shares valued at $8,297,000. The total value of its holdings decreased 99.9%.
Lsv Asset Management reduced its investment by shedding 6,894 shares a decrease of 1.5% in the quarter. Lsv Asset Management now controls 466,412 shares worth $11,380,000. The value of the position overall is up by 39.0%. As of quarter end Dimensional Fund Advisors Lp had disposed of a total of 13,952 shares trimming its holdings by 1.3%. The value of the investment in (VPG) went from $18,041,000 to $25,104,000 a change of 39.1% quarter over quarter.
B. Riley raised the price target on November 8 boosting the projection from $23.00 to $31.00 and issued a “Buy” recommendation.
The company is trading up by 1.36% percent from yesterday’s close. Vishay Precision Group currently has a P/E ratio of 27.15 and the market value is 345.58M. In the latest earnings report the EPS was $0.96 with 12.27M shares outstanding.
Vishay Precision Group, Inc. (VPG), launched on August 28, 2009, 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. The Foil Technology Products segment’s brands include Alpha Electronics, Micro-Measurements, Powertron and Vishay Foil Resistors. The Force Sensors segment’s brand includes VPG Transducers. The Weighing and Control Systems segment’s brands include BLH Nobel, KELK and VPG Onboard Weighing..