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

VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $71.38, but opened at $74.1450. VAT Group shares last traded at $74.71, with a volume of 1,969 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VACNY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of VAT Group in a research note on Friday, July 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of VAT Group in a research note on Wednesday, July 29th. Citigroup reiterated a “buy” rating on shares of VAT Group in a report on Friday, May 22nd. Jefferies Financial Group raised VAT Group from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Finally, Zacks Research upgraded VAT Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, VAT Group currently has an average rating of “Moderate Buy”.

VAT Group Trading Down 1.2%

The business’s 50-day simple moving average is $79.36 and its 200 day simple moving average is $74.93.

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.