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

VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $86.55, but opened at $79.9420. VAT Group shares last traded at $79.8248, with a volume of 999 shares trading hands.

Wall Street Analyst Weigh In

VACNY has been the subject of several recent analyst reports. Citigroup restated a “buy” rating on shares of VAT Group in a research report on Friday, May 22nd. Zacks Research raised shares of VAT Group to a “hold” rating in a research report on Monday, April 20th. 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of VAT Group in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

VAT Group Stock Down 0.2%

The stock has a fifty day moving average price of $81.55 and a 200-day moving average price of $71.93.

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.