Demant A/S (OTCMKTS:WILYY) Hits New 1-Year High – Should You Buy?

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) hit a new 52-week high during trading on Thursday. The company traded as high as $26.66 and last traded at $26.66, with a volume of 129 shares traded. The stock had previously closed at $24.80.

Analyst Ratings Changes

WILYY has been the subject of several recent analyst reports. Morgan Stanley raised shares of Demant A/S from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, June 23rd. Zacks Research cut Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Sanford C. Bernstein downgraded Demant A/S from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Finally, UBS Group lowered Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One investment 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 company. According to MarketBeat, Demant A/S currently has an average rating of “Moderate Buy”.

Demant A/S Trading Up 5.0%

The firm’s fifty day moving average is $23.43 and its 200-day moving average is $20.31.

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.