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

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

Analyst Ratings Changes

WILYY has been the topic of a number of recent research reports. UBS Group lowered Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Zacks Research cut Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Sanford C. Bernstein downgraded Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Demant A/S Price Performance

The stock’s 50-day moving average is $24.56 and its 200 day moving average is $19.41.

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 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.