Demant A/S (OTCMKTS:WILYY) Reaches New 1-Year High – Time to Buy?

Shares of Demant A/S Unsponsored ADR (OTCMKTS:WILYY) reached a new 52-week high during trading on Wednesday. The company traded as high as $28.10 and last traded at $28.10, with a volume of 5,469 shares traded. The stock had previously closed at $28.00.

Analysts Set New Price Targets

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

Demant A/S Stock Down 2.1%

The business has a fifty day simple moving average of $23.87 and a 200 day simple moving average of $20.74.

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.