Straumann (OTCMKTS:SAUHY) Sees Unusually-High Trading Volume – Still a Buy?

Straumann Holding AG (OTCMKTS:SAUHY) saw unusually-strong trading volume on Wednesday. Approximately 632,160 shares changed hands during mid-day trading, an increase of 312% from the average daily volume of 153,473 shares. The stock last traded at $13.18 and had previously closed at $12.22.

Analyst Ratings Changes

Several brokerages have issued reports on SAUHY. Deutsche Bank Aktiengesellschaft downgraded shares of Straumann from a “buy” rating to a “hold” rating in a research report on Friday, August 21st. The Goldman Sachs Group raised shares of Straumann from a “neutral” rating to a “buy” rating in a report on Monday, September 14th. Berenberg Bank upgraded shares of Straumann to a “strong-buy” rating in a research note on Thursday, September 17th. Citigroup reiterated a “sell” rating on shares of Straumann in a research note on Wednesday, October 21st. Finally, UBS Group raised Straumann from a “neutral” rating to a “buy” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Straumann Trading Down 1.7%

The company has a fifty day moving average of $11.51 and a two-hundred day moving average of $11.66.

About Straumann

Straumann Group is a Switzerland-based dental technology company headquartered in Basel. Founded in 1954, the company develops, manufactures and distributes products used in tooth replacement, restorative dentistry and oral tissue regeneration. Its offerings are designed for dental professionals, laboratories and patients across a range of clinical applications.

The company’s portfolio includes dental implants, implant-supported prosthetics, biomaterials for bone and tissue regeneration, orthodontic aligners and digital dentistry solutions.