Demant A/S (OTCMKTS:WILYY) Reaches New 12-Month High – Here’s What Happened

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) shares reached a new 52-week high on Friday. The company traded as high as $24.80 and last traded at $24.80, with a volume of 209 shares trading hands. The stock had previously closed at $24.16.

Wall Street Analyst Weigh In

WILYY has been the subject of a number of analyst reports. 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 downgraded Demant A/S from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Morgan Stanley upgraded Demant A/S from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research raised Demant A/S from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Demant A/S Stock Up 6.2%

The firm’s 50 day simple moving average is $22.91 and its 200 day simple moving average is $19.85.

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.