VAT Group (OTCMKTS:VACNY) Sets New 1-Year High – Here’s Why

VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $75.76 and last traded at $74.46, with a volume of 3226 shares traded. The stock had previously closed at $73.32.

Analysts Set New Price Targets

VACNY has been the subject of a number of research analyst reports. Zacks Research upgraded shares of VAT Group to a “hold” rating in a report on Monday, April 20th. Citigroup reiterated a “buy” rating on shares of VAT Group in a research report on Friday, April 17th. Oddo Bhf lowered shares of VAT Group to a “neutral” rating in a research report on Thursday, January 22nd. Jefferies Financial Group lowered shares of VAT Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group upgraded shares of VAT Group from a “neutral” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

VAT Group Price Performance

The business’s 50-day moving average price is $67.80 and its 200 day moving average price is $57.02.

VAT Group Company Profile

VAT Group AG is a Switzerland-based manufacturer specializing in high-precision vacuum valves and related flow-control solutions for advanced technology industries. Its core products include gate valves, angle valves, slit valves and vacuum components designed to maintain ultra-high vacuum environments essential to semiconductor fabrication, flat-panel display manufacturing, scientific research and other industrial vacuum applications. In addition to standard product lines, VAT offers customized valve assemblies and integrated subsystems that address the stringent purity and reliability requirements of modern production processes.

Founded in 1965 and headquartered in Haag, Switzerland, VAT Group has grown into a global supplier serving customers across Europe, Asia and the Americas.