VAT Group (OTCMKTS:VACNY) Shares Gap Up – Still a Buy?

Shares of VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) gapped up prior to trading on Thursday . The stock had previously closed at $76.72, but opened at $81.23. VAT Group shares last traded at $81.33, with a volume of 1,162 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of VAT Group in a report on Friday, April 17th. Zacks Research upgraded VAT Group to a “hold” rating in a research report on Monday, April 20th. The Goldman Sachs Group upgraded VAT Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. Finally, Citigroup reiterated a “buy” rating on shares of VAT Group in a research report on Friday, May 22nd. One 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. According to data from MarketBeat.com, VAT Group presently has an average rating of “Moderate Buy”.

VAT Group Trading Up 4.4%

The firm has a fifty day moving average price of $73.74 and a 200 day moving average price of $63.88.

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.