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Reading Dentsply Sirona’s Recent Stock Performance

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XRAY’s stock performance

On March 13, 2018, Dentsply Sirona (XRAY) closed trading at a price of $57.80 per share. The company registered its 52-week high of $68.98 on November 28, 2017, while a 52-week low of $52.54 was reported on August 21, 2017. 

XRAY stock has been very volatile over the past year. It registered a slump in prices last year in August. The stock recovered and registered highs in November 2017, but the stock has registered a declining trend over the past few months. YTD (year-to-date), XRAY stock has declined ~12.8%. Over the past three months, the stock has fallen ~13.1%, though the stock has gained ~0.72% over the past month.

Dentsply Sirona’s stock had a 50-day moving average of $58.39 per share, which is lower than the company’s closing price, on March 13, 2018. The stock is currently trading below its 200-day moving average of $61.42.

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On March 2, 2018, Dentsply Sirona reported its 4Q17 and fiscal 2017 earnings results. The company reported lower-than-expected performance. However, the stock registered a rise of ~3% due to the positive investor sentiments toward the company’s recent management changes and its strong strategic plan for growth.

Industry comparison

Over the past 12 months, Dentsply Sirona stock has registered return of -10%. By comparison, the broader market, as represented by S&P 500 Index (SPY), registered returns of ~16.2% during the same period. The US medical device sector (IHI) registered price returns of ~26.3%.

As of March 13, 2018, peers Zimmer Biomet Holdings (ZBH), Align Technology (ALGN), and Integra LifeSciences (IART) registered one-year share price returns of -2.1%, 153.6%, and 30.6%, respectively.

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