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

Straumann Holding AG (OTCMKTS:SAUHY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $10.8860, but opened at $11.36. Straumann shares last traded at $10.89, with a volume of 1,870 shares traded.

Wall Street Analysts Forecast Growth

SAUHY has been the subject of a number of research reports. Morgan Stanley restated an “underweight” rating on shares of Straumann in a research report on Tuesday, April 14th. Citigroup reaffirmed a “sell” rating on shares of Straumann in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Straumann currently has an average rating of “Reduce”.

Straumann Stock Performance

The stock’s 50 day moving average is $10.66 and its 200-day moving average is $11.54.

Straumann Company Profile

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.