VAT Group (OTCMKTS:VACNY) Shares Gap Down - Here's Why

Key Points

• VAT Group AG shares gapped down significantly, opening at $34.86 after closing at $36.19, indicating market volatility.
• Analysts have mixed ratings on VAT Group, with one buy, two hold, and one sell ratings; the overall average rating remains a "hold".
• VAT Group operates internationally, specializing in the development and manufacture of vacuum valves and other related products.

Shares of VAT Group AG - Unsponsored ADR (OTCMKTS:VACNY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $36.19, but opened at $34.86. VAT Group shares last traded at $36.20, with a volume of 1,272 shares.

Analysts Set New Price Targets

Several equities analysts have issued reports on VACNY shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of VAT Group in a research note on Wednesday, May 21st. Zacks Research raised shares of VAT Group to a "strong sell" rating in a report on Tuesday, August 12th. Finally, The Goldman Sachs Group upgraded shares of VAT Group from a "hold" rating to a "buy" rating in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, VAT Group currently has a consensus rating of "Hold".

VAT Group Trading Up 0.9%

The firm's fifty day simple moving average is $36.62 and its two-hundred day simple moving average is $37.34.

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.