VAT Group (OTCMKTS:VACNY) Shares Gap Down - What's Next?

Key Points

• VAT Group's shares gapped down prior to trading on Thursday, opening at $43.13 after closing at $44.73, reflecting a 3.6% decrease.
• While Deutsche Bank maintained a "hold" rating, both Goldman Sachs and Citigroup upgraded VAT Group from "hold" to "buy" and "strong-buy," respectively, indicating a mixed outlook from analysts.
• The stock currently has a consensus rating of "Moderate Buy", with one strong buy, one buy, and three hold ratings from analysts.

VAT Group AG - Unsponsored ADR (OTCMKTS:VACNY - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $44.73, but opened at $43.13. VAT Group shares last traded at $43.13, with a volume of 396 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VACNY shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of VAT Group in a research note on Wednesday. The Goldman Sachs Group upgraded shares of VAT Group from a "hold" rating to a "buy" rating in a research note on Monday, September 1st. Citigroup upgraded shares of VAT Group to a "strong-buy" rating in a research note on Tuesday, October 7th. Finally, Zacks Research upgraded VAT Group from a "strong sell" rating to a "hold" rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, VAT Group presently has a consensus rating of "Moderate Buy".

VAT Group Trading Down 3.6%

The business has a 50-day simple moving average of $38.29 and a 200-day simple moving average of $37.99.

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.

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