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

Shares of VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) gapped down prior to trading on Wednesday . The stock had previously closed at $79.35, but opened at $76.67. VAT Group shares last traded at $75.83, with a volume of 750 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VACNY. Royal Bank Of Canada restated a “sector perform” rating on shares of VAT Group in a research note on Wednesday, July 29th. Jefferies Financial Group upgraded shares of VAT Group from an “underperform” rating to a “hold” rating in a research report on Wednesday. Citigroup reissued a “buy” rating on shares of VAT Group in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of VAT Group in a research report on Friday, July 10th. Finally, The Goldman Sachs Group upgraded shares of VAT Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

VAT Group Price Performance

The stock’s 50-day moving average is $81.31 and its 200 day moving average is $74.20.

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.