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

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) shares saw strong trading volume on Thursday. Approximately 2,915 shares traded hands during 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 Upgrades and Downgrades

WILYY has been the subject of several analyst reports. UBS Group cut shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Sanford C. Bernstein downgraded Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Finally, Zacks Research cut Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Demant A/S Price Performance

The company has a fifty day moving average price of $24.96 and a 200 day moving average price of $19.58.

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.