Demant A/S (OTCMKTS:WILYY) Sets New 12-Month High – What’s Next?

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.85 and last traded at $23.85, with a volume of 5224 shares traded. The stock had previously closed at $22.65.

Analyst Ratings Changes

Several analysts have recently commented on WILYY shares. Sanford C. Bernstein cut Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Morgan Stanley upgraded Demant A/S from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, June 23rd. Zacks Research raised Demant A/S to a “hold” rating in a report on Friday, June 26th. Finally, UBS Group cut shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Demant A/S presently has a consensus rating of “Moderate Buy”.

Demant A/S Stock Up 5.3%

The firm has a 50 day moving average of $21.84 and a two-hundred day moving average of $18.64. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.65.

Demant A/S Company Profile

Demant A/S is a Denmark-based hearing healthcare company that develops, manufactures and distributes products and services designed to help people with hearing loss. Its activities span hearing aids, audiological diagnostic equipment, hearing-related communications solutions and professional hearing care services.

The company’s hearing aid portfolio includes brands such as Oticon, Bernafon and Sonic, as well as Philips Hearing Solutions products developed through a licensing partnership.