Straumann (OTCMKTS:SAUHY) Shares Gap Down – Time to Sell?

Straumann Holding AG (OTCMKTS:SAUHY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $12.25, but opened at $11.86. Straumann shares last traded at $11.92, with a volume of 38,063 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAUHY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Straumann in a research report on Tuesday, June 30th. Citigroup reiterated a “sell” rating on shares of Straumann in a research report on Thursday, July 9th. Barclays restated an “overweight” rating on shares of Straumann in a report on Thursday, June 18th. Morgan Stanley reaffirmed an “underweight” rating on shares of Straumann in a research note on Tuesday, June 30th. Finally, BMO Capital Markets initiated coverage on shares of Straumann in a report on Wednesday, July 8th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Straumann Trading Down 0.8%

The firm has a 50-day moving average price of $12.58 and a two-hundred day moving average price of $11.70.

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.