Straumann (OTCMKTS:SAUHY) Shares Down 5.3% – What’s Next?

Straumann Holding AG (OTCMKTS:SAUHY)’s share price dropped 5.3% during mid-day trading on Wednesday. The stock traded as low as $10.96 and last traded at $10.96. 309 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 123,718 shares. The stock had previously closed at $11.57.

Analyst Ratings Changes

A number of research firms have recently commented on SAUHY. Berenberg Bank raised Straumann to a “strong-buy” rating in a research report on Thursday, September 17th. The Goldman Sachs Group upgraded Straumann from a “neutral” rating to a “buy” rating in a research report on Monday, September 14th. Morgan Stanley reissued an “underweight” rating on shares of Straumann in a research note on Tuesday, June 30th. BMO Capital Markets assumed coverage on shares of 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 research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Straumann Stock Performance

The stock has a fifty day simple moving average of $11.91 and a 200-day simple moving average of $11.63.

Straumann Company Profile

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.