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

Shares of VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) gapped down before the market opened on Wednesday . The stock had previously closed at $86.05, but opened at $79.80. VAT Group shares last traded at $80.43, with a volume of 665 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on the company. Zacks Research upgraded VAT Group to a “hold” rating in a research note on Monday, April 20th. Citigroup reissued a “buy” rating on shares of VAT Group in a research note 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of VAT Group in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

VAT Group Stock Up 3.2%

The firm has a 50 day moving average price of $80.23 and a 200 day moving average price of $69.50.

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.