VAT Group (OTCMKTS:VACNY) Sees Strong Trading Volume – Here’s What Happened

Shares of VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) saw an uptick in trading volume on Wednesday. 36,565 shares changed hands during trading, an increase of 202% from the previous session’s volume of 12,116 shares. The stock last traded at $82.29 and had previously closed at $83.67.

Analysts Set New Price Targets

Several brokerages recently weighed in on VACNY. UBS Group restated a “buy” rating on shares of VAT Group in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of VAT Group in a report on Friday, July 10th. Jefferies Financial Group raised shares of VAT Group from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of VAT Group in a research report on Wednesday, July 29th. Finally, Zacks Research cut VAT Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

VAT Group Price Performance

The business’s 50-day simple moving average is $76.79 and its 200 day simple moving average is $76.59.

About VAT Group

VAT Group AG is a Switzerland-based developer and manufacturer of high-vacuum technology. The company’s product portfolio includes vacuum valves, multi-valve modules, vacuum-management systems, and related components used to control and isolate vacuum environments.

Its products are primarily used in the semiconductor industry, including semiconductor manufacturing and related process equipment. VAT also serves customers in display production, solar and photovoltaic manufacturing, LED production, research, and other industrial applications that require precise vacuum control.

Founded in 1965, VAT Group is headquartered in Haag, Switzerland, and operates internationally through a global sales, service, and manufacturing network.