Straumann (OTCMKTS:SAUHY) Sees Large Volume Increase – Time to Buy?

Straumann Holding AG (OTCMKTS:SAUHY) saw unusually-strong trading volume on Thursday. 879,660 shares changed hands during trading, an increase of 624% from the average daily volume of 121,576 shares. The stock last traded at $11.70 and had previously closed at $11.72.

Analyst Upgrades and Downgrades

SAUHY has been the topic of a number of research reports. UBS Group upgraded Straumann from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 1st. BMO Capital Markets initiated coverage on shares of Straumann in a report on Wednesday, July 8th. They issued an “outperform” rating for the company. Berenberg Bank raised shares of Straumann to a “strong-buy” rating in a research report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft lowered shares of Straumann from a “buy” rating to a “hold” rating in a research note on Friday, August 21st. Finally, Citigroup restated a “sell” rating on shares of Straumann in a research note on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Straumann Price Performance

The stock has a fifty day moving average price of $11.43 and a 200-day moving average price of $11.67.

Straumann Company Profile

Straumann Group is a Switzerland-based dental technology company headquartered in Basel. Founded in 1954, the company develops, manufactures and distributes products used in tooth replacement, restorative dentistry and oral tissue regeneration. Its offerings are designed for dental professionals, laboratories and patients across a range of clinical applications.

The company’s portfolio includes dental implants, implant-supported prosthetics, biomaterials for bone and tissue regeneration, orthodontic aligners and digital dentistry solutions.