Demant A/S (OTCMKTS:WILYY) Reaches New 52-Week High – Time to Buy?

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) reached a new 52-week high during trading on Friday. The stock traded as high as $24.80 and last traded at $24.80, with a volume of 209 shares trading hands. The stock had previously closed at $24.16.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WILYY shares. Morgan Stanley raised shares of Demant A/S from an “equal weight” rating to an “overweight” rating in a report on Tuesday, June 23rd. UBS Group downgraded shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Sanford C. Bernstein cut shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Finally, Zacks Research raised shares of Demant A/S from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Demant A/S Stock Performance

The stock has a 50-day moving average price of $22.91 and a two-hundred day moving average price of $19.85.

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 and other communication needs. The company serves consumers and hearing care professionals through activities spanning hearing aids, diagnostic equipment, hearing care services and specialized communications technology.

Its portfolio includes hearing aids and related software, audiological diagnostic instruments, and technologies used by hearing care professionals to assess and manage hearing conditions.