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

Key Points

• VAT Group shares gapped up from a previous close of $40.84 to open at $44.12, reflecting an 8.4% increase in trading activity.
• Analysts have adjusted their ratings, with Zacks upgrading VAT Group from "strong sell" to "hold" and Goldman Sachs moving it from "hold" to "buy."
• The company, based in Switzerland, specializes in manufacturing vacuum valves and related products and operates across multiple international markets.

VAT Group AG - Unsponsored ADR (OTCMKTS:VACNY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $40.84, but opened at $44.12. VAT Group shares last traded at $44.21, with a volume of 477 shares.

Analyst Ratings Changes

Several research analysts recently commented on VACNY shares. Zacks Research raised shares of VAT Group from a "strong sell" rating to a "hold" rating in a report on Monday, September 22nd. The Goldman Sachs Group raised shares of VAT Group from a "hold" rating to a "buy" rating in a report on Monday, September 1st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, VAT Group presently has a consensus rating of "Hold".

VAT Group Trading Up 8.4%

The company's 50-day moving average price is $36.47 and its two-hundred day moving average price is $37.59.

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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