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 on Wednesday. The stock traded as high as $24.50 and last traded at $24.50, with a volume of 1030 shares traded. The stock had previously closed at $23.14.

Analyst Upgrades and Downgrades

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

Demant A/S Stock Up 5.9%

The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.65. The firm has a 50 day simple moving average of $22.43 and a 200 day simple moving average of $19.33.

About Demant A/S

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.