Demant A/S (OTCMKTS:WILYY) Shares Gap Up – Still a Buy?

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) gapped up before the market opened on Wednesday . The stock had previously closed at $18.30, but opened at $19.40. Demant A/S shares last traded at $19.40, with a volume of 2,003 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of Demant A/S from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Demant A/S has a consensus rating of “Buy”.

Demant A/S Stock Up 4.4%

The stock’s 50 day simple moving average is $16.21 and its two-hundred day simple moving average is $15.98. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.65.

Demant A/S Company Profile

Demant A/S is a Denmark-based global hearing health care company specializing in the development, manufacture and distribution of hearing solutions and audiological diagnostic instruments. The company’s flagship brands include Oticon, Bernafon and Sonic, which offer a range of hearing aids designed to address various levels of hearing loss. In addition to personal hearing devices, Demant provides diagnostic equipment such as audiometers and tympanometers, supporting hearing care professionals in accurate assessment and fitting of hearing solutions.

Beyond hearing aids and diagnostics, Demant’s product portfolio extends to hearing implants—cochlear and bone-anchored systems—through its Oticon Medical division.