Shares of Straumann Holding AG (OTCMKTS:SAUHY) experienced a significant increase in trading volume on Tuesday, with a total of 396,130 shares traded. This figure represents a remarkable 138% rise compared to the previous session’s volume of 166,698 shares. The stock was last traded at $11.92, having closed at $12.24 the previous day.
Analysts Adjust Ratings for Straumann
Several equities research analysts have recently updated their ratings for Straumann shares. On October 31, 2023, Deutsche Bank Aktiengesellschaft upgraded the stock from a “hold” rating to a “buy” rating. Following this, UBS Group elevated its rating from “sell” to “neutral” on November 4, 2023. Conversely, Citigroup maintained a “sell” rating in its report dated October 22, 2023, and The Goldman Sachs Group downgraded the stock from “strong-buy” to “neutral” on October 13, 2023.
Currently, three analysts have rated the stock as a Strong Buy, one has given it a Buy rating, two have rated it as Hold, and one has assigned a Sell rating. According to data from MarketBeat, the consensus rating for Straumann is categorized as “Moderate Buy.”
Overview of Straumann Holding AG
Straumann Holding AG specializes in providing tooth replacement and orthodontic solutions on a global scale. The company is engaged in the research, development, manufacturing, and supply of dental implants, instruments, CADCAM prosthetics, orthodontic aligners, biomaterials, and digital solutions. These products are essential for tooth correction, replacement, and restoration, as well as for preventing tooth loss.
Investors and market observers are keenly watching these developments, as the adjustments in analyst ratings may influence market perceptions and trading behavior in the coming days. For those interested in staying updated, MarketBeat offers a free daily email newsletter summarizing the latest news and analysts’ ratings related to Straumann and other companies in the sector.
