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

VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY)’s share price gapped up prior to trading 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.

Wall Street Analyst Weigh In

VACNY has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating on shares of VAT Group in a report on Tuesday. Citigroup reaffirmed a “buy” rating on shares of VAT Group in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of VAT Group in a research note on Friday, July 10th. Royal Bank Of Canada restated a “sector perform” rating on shares of VAT Group in a research note on Wednesday, July 29th. Finally, Zacks Research raised VAT Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, VAT Group presently has a consensus rating of “Moderate Buy”.

VAT Group Trading Up 3.9%

The company has a fifty day moving average price of $79.70 and a two-hundred day moving average price of $74.80.

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.