VAT Group (OTCMKTS:VACNY) Sets New 52-Week High – What’s Next?

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

Wall Street Analysts Forecast Growth

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

VAT Group Trading Down 1.8%

The stock has a 50-day simple moving average of $79.21 and a two-hundred day simple moving average of $68.23.

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.