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

VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) gapped down before the market opened on Monday . The stock had previously closed at $63.41, but opened at $59.51. VAT Group shares last traded at $59.26, with a volume of 1,002 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VACNY shares. Jefferies Financial Group downgraded shares of VAT Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group lowered shares of VAT Group from a “buy” rating to a “hold” rating in a report on Monday, December 15th. Oddo Bhf cut shares of VAT Group to a “neutral” rating in a research report on Thursday, January 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of VAT Group in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

VAT Group Trading Down 0.4%

The company has a fifty day simple moving average of $65.74 and a two-hundred day simple moving average of $52.97.

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.