VAT Group (OTCMKTS:VACNY) Reaches New 1-Year High – Here’s Why

VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $87.13 and last traded at $87.13, with a volume of 6412 shares traded. The stock had previously closed at $85.96.

Analysts Set New Price Targets

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

VAT Group Stock Performance

The firm has a 50 day simple moving average of $77.69 and a two-hundred day simple moving average of $66.68.

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.