Straumann (OTCMKTS:SAUHY) Shares Gap Up – Still a Buy?

Straumann Holding AG (OTCMKTS:SAUHY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $10.7950, but opened at $12.17. Straumann shares last traded at $11.24, with a volume of 3,465 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley restated an “underweight” rating on shares of Straumann in a research note on Tuesday. Citigroup reissued a “sell” rating on shares of Straumann in a report on Wednesday, January 14th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Straumann Trading Up 1.0%

The firm’s fifty day moving average price is $11.17 and its two-hundred day moving average price is $11.56.

About Straumann

Straumann (OTCMKTS:SAUHY) is a Swiss-based dental technology company that develops, manufactures and markets restorative, regenerative and digital solutions for dental professionals. The company’s core offerings center on implant-supported restorations and components, biomaterials used for bone and soft-tissue regeneration, and a range of prosthetic products used by dentists and dental laboratories to restore oral function and aesthetics.

In addition to implant and biomaterial product lines, Straumann provides digital dentistry solutions that support treatment planning and workflows.