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

Demant A/S Unsponsored ADR (OTCMKTS:WILYY)’s stock price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $28.95 and last traded at $28.95, with a volume of 100 shares. The stock had previously closed at $26.60.

Analysts Set New Price Targets

A number of research firms have commented on WILYY. Zacks Research downgraded Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. 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, UBS Group downgraded shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Demant A/S Price Performance

The stock’s fifty day simple moving average is $24.56 and its 200-day simple moving average is $19.41.

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 related communication needs. Its business includes hearing aids, hearing implants, audiological diagnostic equipment, and software and technology used by hearing care professionals.

The company’s principal hearing aid brands include Oticon and Bernafon, while its portfolio also includes Philips Hearing Solutions products developed through its partnership with Koninklijke Philips.