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

Shares of Straumann Holding AG (OTCMKTS:SAUHY) gapped down prior to trading on Tuesday. The stock had previously closed at $11.74, but opened at $11.0708. Straumann shares last traded at $11.0708, with a volume of 424 shares.

Analyst Ratings Changes

Several equities research analysts recently commented on SAUHY shares. The Goldman Sachs Group raised Straumann from a “neutral” rating to a “buy” rating in a research report on Monday, September 14th. BMO Capital Markets initiated coverage on shares of Straumann in a research note on Wednesday, July 8th. They set an “outperform” rating on the stock. Barclays reaffirmed an “overweight” rating on shares of Straumann in a report on Thursday, June 18th. Citigroup reiterated a “sell” rating on shares of Straumann in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Straumann from a “buy” rating to a “hold” rating in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Straumann presently has an average rating of “Moderate Buy”.

Straumann Price Performance

The company’s 50-day simple moving average is $11.94 and its two-hundred day simple moving average is $11.63.

Straumann Company Profile

Straumann Group is a Switzerland-based dental technology company that develops, manufactures and distributes products used in implant, restorative and orthodontic dentistry. Its portfolio includes dental implants, prosthetic components, biomaterials, digital dentistry systems, clear aligners and related instruments and services.

The company serves dental professionals, laboratories and patients through brands including Straumann, Neodent, ClearCorrect and Medentika. Its solutions are used in tooth replacement, oral tissue regeneration, orthodontic treatment and digitally integrated dental workflows.

Founded in 1954, Straumann has expanded from its Swiss origins into a global business serving customers across Europe, North America, Latin America, Asia-Pacific and other international markets.