Straumann (OTCMKTS:SAUHY) Shares Gap Down – Should You Sell?

Straumann Holding AG (OTCMKTS:SAUHY) gapped down before the market opened 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 trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on SAUHY shares. UBS Group upgraded Straumann from a “neutral” rating to a “buy” rating in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft cut shares of Straumann from a “buy” rating to a “hold” rating in a report on Friday, August 21st. Berenberg Bank raised shares of Straumann to a “strong-buy” rating in a research report on Thursday, September 17th. Morgan Stanley reaffirmed an “underweight” rating on shares of Straumann in a research report on Tuesday, June 30th. Finally, BMO Capital Markets started coverage on shares of Straumann in a research note on Wednesday, July 8th. They issued an “outperform” rating for the company. One investment 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 given a Sell rating to the stock. According to MarketBeat, Straumann has a consensus rating of “Moderate Buy”.

Straumann Stock Down 4.0%

The firm’s fifty day simple moving average is $11.94 and its 200-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.