VAT Group (OTCMKTS:VACNY) Trading 3.5% Higher - Should You Buy?

Key Points

• VAT Group AG shares increased by 3.5% to $42.10, despite a decline in trading volume by 38% compared to the average session.
• Recent upgrades from analysts include a shift from a "strong sell" to a "hold" rating by Zacks Research, and an upgrade to a "strong-buy" rating from Citigroup.
• The company's average rating is currently a "Moderate Buy," with one analyst rating it as Strong Buy, one as Buy, and three as Hold.

VAT Group AG - Unsponsored ADR (OTCMKTS:VACNY - Get Free Report) shares traded up 3.5% on Thursday . The company traded as high as $42.24 and last traded at $42.10. 9,671 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 15,543 shares. The stock had previously closed at $40.68.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VACNY shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of VAT Group in a report on Wednesday, October 15th. Zacks Research upgraded shares of VAT Group from a "strong sell" rating to a "hold" rating in a report on Monday, September 22nd. Citigroup upgraded shares of VAT Group to a "strong-buy" rating in a report on Tuesday, October 7th. Finally, The Goldman Sachs Group upgraded shares of VAT Group from a "hold" rating to a "buy" rating in a report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

VAT Group Trading Up 3.5%

The stock's 50-day simple moving average is $39.15 and its 200-day simple moving average is $38.35.

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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