Demant A/S (OTCMKTS:WILYY) Shares Gap Up – Time to Buy?

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) gapped up before the market opened on Friday. The stock had previously closed at $23.14, but opened at $24.46. Demant A/S shares last traded at $24.46, with a volume of 325 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WILYY shares. Sanford C. Bernstein cut shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. UBS Group lowered Demant A/S from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Zacks Research raised shares of Demant A/S to a “hold” rating in a research report on Friday, June 26th. Finally, 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. One investment 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Demant A/S Stock Performance

The stock’s 50 day simple moving average is $22.58 and its 200-day simple moving average is $19.48.

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.