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

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) shares reached a new 52-week high during trading on Wednesday. The company traded as high as $24.50 and last traded at $24.50, with a volume of 1030 shares changing hands. The stock had previously closed at $23.14.

Analyst Ratings Changes

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

Demant A/S Price Performance

The stock’s 50 day simple moving average is $22.43 and its 200 day simple moving average is $19.33. 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 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.