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

Shares of Straumann Holding AG (OTCMKTS:SAUHY) gapped up before the market opened on Thursday . The stock had previously closed at $11.50, but opened at $11.99. Straumann shares last traded at $12.02, with a volume of 19,757 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SAUHY. UBS Group raised Straumann from a “sell” rating to a “neutral” rating in a research note on Tuesday, November 4th. Citigroup reaffirmed a “sell” rating on shares of Straumann in a report on Wednesday, October 22nd. The Goldman Sachs Group lowered shares of Straumann from a “strong-buy” rating to a “neutral” rating in a report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Straumann from a “hold” rating to a “buy” rating in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Straumann Trading Down 0.3%

The business’s 50-day simple moving average is $11.66 and its 200-day simple moving average is $12.13.

Straumann Company Profile

Straumann Holding AG provides tooth replacement and orthodontic solutions worldwide. It researches, develops, manufactures, and supplies dental implants, instruments, CADCAM prosthetics, orthodontic aligners, biomaterials, and digital solutions for use in tooth correction, replacement, and restoration, as well as to prevent tooth loss.