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

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) reached a new 52-week high during trading on Wednesday . The company traded as high as $23.85 and last traded at $23.85, with a volume of 5224 shares trading hands. The stock had previously closed at $22.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group cut shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Sanford C. Bernstein lowered Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Zacks Research upgraded Demant A/S to a “hold” rating in a research report on Friday, June 26th. Finally, Morgan Stanley raised Demant A/S from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Demant A/S currently has a consensus rating of “Moderate Buy”.

Demant A/S Stock Performance

The company has a debt-to-equity ratio of 1.65, a current ratio of 1.36 and a quick ratio of 1.00. The firm’s 50 day simple moving average is $21.84 and its 200-day simple moving average is $18.64.

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. Its activities span hearing aids, audiological diagnostic equipment, hearing-related communications solutions and professional hearing care services.

The company’s hearing aid portfolio includes brands such as Oticon, Bernafon and Sonic, as well as Philips Hearing Solutions products developed through a licensing partnership.