Demant A/S (OTCMKTS:WILYY) Sees Unusually-High Trading Volume – Still a Buy?

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) saw unusually-strong trading volume on Thursday. 2,915 shares traded hands during mid-day trading, an increase of 286% from the average daily volume of 756 shares. The stock last traded at $28.57 and had previously closed at $28.95.

Analyst Ratings Changes

A number of research firms recently commented on WILYY. UBS Group lowered Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Zacks Research lowered shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Finally, Sanford C. Bernstein lowered shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Demant A/S Stock Down 0.5%

The company has a fifty day simple moving average of $24.70 and a two-hundred day simple moving average of $19.47.

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.