Straumann (OTCMKTS:SAUHY) Shares Gap Up – Here’s Why

Straumann Holding AG (OTCMKTS:SAUHY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $11.41, but opened at $12.02. Straumann shares last traded at $11.53, with a volume of 4,688 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SAUHY shares. Barclays reiterated an “overweight” rating on shares of Straumann in a research report on Thursday, June 18th. Morgan Stanley restated an “underweight” rating on shares of Straumann in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft cut Straumann from a “buy” rating to a “hold” rating in a research note on Friday, August 21st. BMO Capital Markets began coverage on Straumann in a report on Wednesday, July 8th. They set an “outperform” rating on the stock. Finally, Citigroup reaffirmed a “sell” rating on shares of Straumann in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Straumann presently has a consensus rating of “Hold”.

Straumann Stock Performance

The business’s 50 day simple moving average is $12.52 and its 200 day simple moving average is $11.68.

About Straumann

Straumann (OTCMKTS:SAUHY) is a Swiss-based dental technology company that develops, manufactures and markets restorative, regenerative and digital solutions for dental professionals. The company’s core offerings center on implant-supported restorations and components, biomaterials used for bone and soft-tissue regeneration, and a range of prosthetic products used by dentists and dental laboratories to restore oral function and aesthetics.

In addition to implant and biomaterial product lines, Straumann provides digital dentistry solutions that support treatment planning and workflows.