Yahoo Finance Why Vishay Precision (VPG) Stock Is Nosediving
What Happened:
Shares of precision measurement and sensing technologies provider Vishay Precision (NYSE:VPG) fell 7.7% in the afternoon session after the company reported second quarter earnings results. Vishay Precision beat analysts' EPS expectations. On the other hand, its revenue guidance for the next quarter missed, and its revenue fell short of Wall Street's estimates. Overall, this was a bad quarter for Vishay Precision.
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What is the market telling us:
Vishay Precision's shares are not very volatile than the market average and over the last year have had only 6 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
Vishay Precision is down 11.7% since the beginning of the year, and at $29.16 per share it is trading 22.1% below its 52-week high of $37.45 from August 2023. Investors who bought $1,000 worth of Vishay Precision's shares 5 years ago would now be looking at an investment worth $805.92.
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