VAT Group (OTCMKTS:VACNY) Reaches New 52-Week High – Here’s Why

VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $88.05 and last traded at $87.4950, with a volume of 7991 shares changing hands. The stock had previously closed at $85.56.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VACNY shares. Zacks Research raised shares of VAT Group to a “hold” rating in a research report on Monday, April 20th. The Goldman Sachs Group raised VAT Group from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of VAT Group in a research report on Friday, April 17th. Finally, Citigroup reaffirmed a “buy” rating on shares of VAT Group in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, VAT Group has an average rating of “Moderate Buy”.

VAT Group Trading Up 2.3%

The firm has a fifty day simple moving average of $78.73 and a 200-day simple moving average of $67.70.

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.