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

VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $41.28, but opened at $43.07. VAT Group shares last traded at $43.07, with a volume of 185 shares trading hands.

Analyst Ratings Changes

VACNY has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded VAT Group from a “hold” rating to a “buy” rating in a research note on Monday, September 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of VAT Group in a research note on Wednesday, October 15th. Citigroup raised shares of VAT Group to a “strong-buy” rating in a report on Tuesday, October 7th. UBS Group raised shares of VAT Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 20th. Finally, Zacks Research upgraded shares of VAT Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

VAT Group Stock Up 2.9%

The company’s 50 day moving average price is $42.39 and its 200 day moving average price is $39.61.

About VAT Group

VAT Group AG, together with its subsidiaries, develops, manufactures, and supplies vacuum valves, multi-valve units, vacuum modules, and edge-welded metal bellows in Switzerland, rest of Europe, the United States, Japan, Korea, Singapore, China, rest of Asia, and internationally. It operates through two segments, Valves and Global Service.