Straumann (OTCMKTS:SAUHY) Shares Gap Up - Here's Why

Key Points

• Straumann gapped up before Monday trading, opening at $11.3777 versus the prior close of $10.74, with the last trade at $11.0912 on light volume of 798 shares.
• Analyst sentiment is weak with a MarketBeat consensus of Reduce (1 Buy, 2 Hold, 2 Sell), and recent notes include Morgan Stanley reaffirming "underweight" and Citigroup reissuing "sell".
• Technically the stock is near its moving averages—50-day SMA $10.80 and 200-day SMA $11.57—and was down about 0.1% in the report.

Straumann Holding AG (OTCMKTS:SAUHY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $10.74, but opened at $11.3777. Straumann shares last traded at $11.0912, with a volume of 798 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on SAUHY. Morgan Stanley reaffirmed an "underweight" rating on shares of Straumann in a report on Tuesday, April 14th. Citigroup reissued a "sell" rating on shares of Straumann in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce".

Straumann Stock Down 0.1%

The business has a 50 day simple moving average of $10.80 and a 200-day simple moving average of $11.57.

Straumann Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.