VAT Group (OTCMKTS:VACNY) Shares Gap Down – Here’s Why

Shares of VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) gapped down prior to trading on Wednesday . The stock had previously closed at $86.55, but opened at $79.9420. VAT Group shares last traded at $79.8248, with a volume of 999 shares traded.

Analysts Set New Price Targets

VACNY has been the subject of several recent research reports. Citigroup restated a “buy” rating on shares of VAT Group in a report on Friday, May 22nd. The Goldman Sachs Group upgraded VAT Group from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of VAT Group in a research report on Friday, July 10th. Finally, Zacks Research upgraded shares of VAT Group to a “hold” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, VAT Group currently has a consensus rating of “Moderate Buy”.

VAT Group Stock Down 8.2%

The firm’s fifty day moving average price is $81.44 and its 200 day moving average price is $71.50.

About VAT Group

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.