Straumann (OTCMKTS:SAUHY) Shares Gap Up – Should You Buy?

Straumann Holding AG (OTCMKTS:SAUHY)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $10.76, but opened at $11.45. Straumann shares last traded at $10.91, with a volume of 46,678 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on SAUHY shares. Deutsche Bank Aktiengesellschaft cut Straumann from a “buy” rating to a “hold” rating in a report on Friday, August 21st. The Goldman Sachs Group upgraded shares of Straumann from a “neutral” rating to a “buy” rating in a research report on Monday, September 14th. Citigroup reaffirmed a “sell” rating on shares of Straumann in a research note on Thursday, July 9th. Berenberg Bank raised shares of Straumann to a “strong-buy” rating in a research note on Thursday, September 17th. Finally, Barclays reiterated an “overweight” rating on shares of Straumann in a research report on Thursday, June 18th. One 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 stock. Based on data from MarketBeat.com, Straumann has an average rating of “Moderate Buy”.

Straumann Price Performance

The stock has a 50-day simple moving average of $11.65 and a 200 day simple moving average of $11.68.

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.