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

Straumann Holding AG (OTCMKTS:SAUHY)’s stock price gapped down before the market opened 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 traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SAUHY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Straumann in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft lowered Straumann from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup reaffirmed a “sell” rating on shares of Straumann in a report on Thursday, July 9th. Barclays reiterated an “overweight” rating on shares of Straumann in a research report on Thursday, June 18th. Finally, BMO Capital Markets initiated coverage on Straumann in a report on Wednesday, July 8th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Straumann Stock Down 1.6%

The company’s fifty day simple moving average is $12.59 and its 200-day simple moving average is $11.71.

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.