VAT Group (OTCMKTS:VACNY) Sees Large Volume Increase – Here’s Why

Shares of VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) saw an uptick in trading volume on Tuesday . Approximately 31,810 shares were traded during trading, an increase of 177% from the previous session’s volume of 11,464 shares.The stock last traded at $85.34 and had previously closed at $82.4650.

Wall Street Analyst Weigh In

Several research firms have issued reports on VACNY. The Goldman Sachs Group upgraded VAT Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. Zacks Research raised shares of VAT Group to a “hold” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of VAT Group in a research note on Friday. Finally, Citigroup reissued a “buy” rating on shares of VAT Group in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

VAT Group Stock Up 4.5%

The firm has a fifty day simple moving average of $80.58 and a two-hundred day simple moving average of $69.99.

VAT Group Company Profile

VAT Group AG is a Switzerland-based manufacturer specializing in high-precision vacuum valves and related flow-control solutions for advanced technology industries. Its core products include gate valves, angle valves, slit valves and vacuum components designed to maintain ultra-high vacuum environments essential to semiconductor fabrication, flat-panel display manufacturing, scientific research and other industrial vacuum applications. In addition to standard product lines, VAT offers customized valve assemblies and integrated subsystems that address the stringent purity and reliability requirements of modern production processes.

Founded in 1965 and headquartered in Haag, Switzerland, VAT Group has grown into a global supplier serving customers across Europe, Asia and the Americas.