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

Key Points

• Straumann shares gapped down pre-market, opening at $11.11 after a $11.69 close and last trading around $11.19 on light volume (3,148 shares), a roughly 1.6% decline.
• Analyst sentiment is negative: Citigroup reaffirmed a "sell" and Morgan Stanley an "underweight," with MarketBeat showing a consensus average rating of "Reduce" (1 Buy, 2 Hold, 2 Sell).
• Shares are trading near technical levels, with a 50-day moving average of $11.05 and a 200-day moving average of $11.58, indicating little deviation from recent trading range.

Shares of Straumann Holding AG (OTCMKTS:SAUHY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $11.69, but opened at $11.11. Straumann shares last traded at $11.1935, with a volume of 3,148 shares trading hands.

Wall Street Analysts Forecast Growth

SAUHY has been the topic of several recent analyst reports. Citigroup reaffirmed a "sell" rating on shares of Straumann in a research note on Wednesday, January 14th. Morgan Stanley reaffirmed an "underweight" rating on shares of Straumann in a research note on Tuesday, April 14th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce".

Straumann Stock Down 1.6%

The stock has a 50 day moving average price of $11.05 and a two-hundred day moving average price of $11.58.

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.

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