Straumann (OTCMKTS:SAUHY) Shares Up 8.1% – What’s Next?

Shares of Straumann Holding AG (OTCMKTS:SAUHY) traded up 8.1% on Friday. The company traded as high as $11.95 and last traded at $11.95. Approximately 494 shares changed hands during trading, a decline of 100% from the average daily volume of 124,026 shares. The stock had previously closed at $11.05.

Analyst Upgrades and Downgrades

SAUHY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Straumann from a “buy” rating to a “hold” rating in a report on Friday, August 21st. Morgan Stanley reaffirmed an “underweight” rating on shares of Straumann in a research report on Tuesday, June 30th. UBS Group upgraded shares of Straumann from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. Citigroup reissued a “sell” rating on shares of Straumann in a research report on Thursday, July 9th. Finally, BMO Capital Markets started coverage on shares of Straumann in a research report on Wednesday, July 8th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Straumann presently has an average rating of “Moderate Buy”.

Straumann Price Performance

The firm has a 50-day moving average of $11.58 and a 200-day moving average of $11.70.

About Straumann

Straumann Group is a Swiss company focused on implant, restorative and orthodontic dentistry. The company develops, manufactures and distributes dental implants, prosthetic components, instruments and related solutions used by dental professionals and laboratories.

Its portfolio also includes biomaterials for tissue regeneration, digital dentistry technologies and intraoral scanning solutions, as well as clear aligners offered through its ClearCorrect business. Straumann provides products and services intended to support dental restoration, tooth replacement, orthodontic treatment and digital treatment planning.

Founded in 1954 and headquartered in Basel, Switzerland, Straumann serves dental professionals, laboratories and patients through operations and distribution networks across numerous markets worldwide.