Straumann (OTCMKTS:SAUHY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Straumann Holding AG's stock experienced a significant increase in trading volume, with 867,818 shares traded, marking a 468% rise from the previous session.
• Analysts have mixed opinions on the stock's performance, with ratings ranging from Strong Buy to Sell, resulting in an average rating of Moderate Buy.
• The company's stock is currently priced at $11.19, below its 50-day moving average of $11.35 and 200-day moving average of $12.24.

Shares of Straumann Holding AG (OTCMKTS:SAUHY - Get Free Report) saw an uptick in trading volume on Thursday . 867,818 shares traded hands during trading, an increase of 468% from the previous session's volume of 152,909 shares.The stock last traded at $11.19 and had previously closed at $11.30.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Straumann in a report on Wednesday, October 1st. The Goldman Sachs Group cut shares of Straumann from a "strong-buy" rating to a "neutral" rating in a report on Monday, October 13th. Finally, Citigroup reiterated a "sell" rating on shares of Straumann in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Straumann Price Performance

The stock's 50 day moving average is $11.35 and its 200-day moving average is $12.24.

Straumann Company Profile

Straumann Holding AG provides tooth replacement and orthodontic solutions worldwide. It researches, develops, manufactures, and supplies dental implants, instruments, CADCAM prosthetics, orthodontic aligners, biomaterials, and digital solutions for use in tooth correction, replacement, and restoration, as well as to prevent tooth loss.

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