VAT Group (OTCMKTS:VACNY) Shares Gap Down - Time to Sell?

Key Points

• VAT Group's shares gapped down significantly, opening at $39.40 after closing at $42.68 the previous day, representing a 7.8% decline.
• Analysts have recently changed their ratings, with Goldman Sachs upgrading the stock from "hold" to "buy" and Zacks Research moving it from "strong sell" to "hold".
• The company currently has an average analyst rating of "Hold", with one analyst rating it as a buy and three as hold.

VAT Group AG - Unsponsored ADR (OTCMKTS:VACNY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $42.68, but opened at $39.40. VAT Group shares last traded at $39.47, with a volume of 487 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on VACNY. The Goldman Sachs Group raised shares of VAT Group from a "hold" rating to a "buy" rating in a research report on Monday, September 1st. Zacks Research raised shares of VAT Group from a "strong sell" rating to a "hold" rating in a research report on Monday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold".

VAT Group Stock Down 7.8%

The firm's 50 day simple moving average is $36.59 and its two-hundred day simple moving average is $37.55.

VAT Group Company Profile

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.

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