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

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SAUHY shares. Morgan Stanley reiterated an “underweight” rating on shares of Straumann in a report on Tuesday, June 30th. Barclays restated an “overweight” rating on shares of Straumann in a research note on Thursday, June 18th. The Goldman Sachs Group raised shares of Straumann from a “neutral” rating to a “buy” rating in a report on Monday, September 14th. UBS Group upgraded shares of Straumann from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. Finally, Citigroup reissued a “sell” rating on shares of Straumann in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Straumann currently has an average rating of “Moderate Buy”.

Straumann Stock Up 0.2%

The company has a fifty day moving average of $11.58 and a 200-day moving average of $11.70.

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.