Demant A/S (OTCMKTS:WILYY) Reaches New 12-Month High – Still a Buy?

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

Analyst Ratings Changes

Several research firms have weighed in on WILYY. Zacks Research raised Demant A/S to a “hold” rating in a research report on Friday, June 26th. Morgan Stanley upgraded Demant A/S from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, June 23rd. Sanford C. Bernstein cut Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Finally, UBS Group downgraded 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 given a Hold rating to the stock. According to data from MarketBeat.com, Demant A/S presently has an average rating of “Moderate Buy”.

Demant A/S Stock Performance

The firm’s 50 day moving average is $22.58 and its 200 day moving average is $19.48.

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.