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

VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) gapped down prior to trading 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 trading hands.

Analyst Ratings Changes

A number of analysts have issued reports on VACNY shares. The Goldman Sachs Group lowered shares of VAT Group from a “buy” rating to a “hold” rating in a research note on Monday, December 15th. BNP Paribas Exane upgraded VAT Group from a “neutral” rating to an “outperform” rating in a research note on Monday, December 1st. Citigroup reiterated a “buy” rating on shares of VAT Group in a report on Tuesday, January 20th. Jefferies Financial Group downgraded VAT Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, January 13th. Finally, Oddo Bhf downgraded VAT Group to a “neutral” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

VAT Group Stock Down 3.5%

The company’s 50 day simple moving average is $65.85 and its 200 day simple moving average is $52.65.

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.