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

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) saw unusually-high trading volume on Tuesday. 5,300 shares changed hands during mid-day trading, an increase of 690% from the previous session’s volume of 671 shares. The stock last traded at $26.26 and had previously closed at $26.66.

Analyst Ratings Changes

Several research analysts have issued reports on WILYY shares. Zacks Research cut 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 report on Wednesday, July 22nd. 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. Finally, Morgan Stanley upgraded shares of Demant A/S from an “equal weight” rating to an “overweight” rating in a report on Tuesday, June 23rd. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Demant A/S Stock Down 6.2%

The firm’s 50-day moving average is $23.55 and its 200 day moving average is $20.46.

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.