Demant A/S (OTCMKTS:WILYY) Sets New 52-Week High – Here’s What Happened

Demant A/S Unsponsored ADR (OTCMKTS:WILYY)’s stock price hit a new 52-week high during mid-day 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 Analyst Weigh In

A number of equities research analysts have recently weighed in on WILYY shares. Morgan Stanley raised Demant A/S from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein lowered Demant A/S from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Zacks Research raised Demant A/S to a “hold” rating in a research note on Friday, June 26th. Finally, UBS Group cut 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Demant A/S Price Performance

The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.65. The company’s 50-day simple moving average is $21.96 and its two-hundred day simple moving average is $18.78.

Demant A/S Company Profile

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.