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Demant A/S (OTCMKTS:WILYY) Shares Down 4.2% - Here's Why

Demant A/S logo with Medical background

Key Points

  • Demant A/S shares fell 4.2% on Tuesday, trading at $19.27, with a significant increase in trading volume (259%) compared to its average.
  • Barclays recently upgraded Demant A/S from a "strong sell" to a "hold" rating, while Citigroup boosted its rating from "hold" to "strong buy," contributing to a current consensus rating of "Buy."
  • The company specializes in hearing healthcare and audio technology, and operates across multiple international markets including Europe and North America.
  • Looking to export and analyze Demant A/S data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Demant A/S Unsponsored ADR (OTCMKTS:WILYY - Get Free Report) shares dropped 4.2% during trading on Tuesday . The stock traded as low as $19.27 and last traded at $19.27. Approximately 101 shares traded hands during mid-day trading, an increase of 259% from the average daily volume of 28 shares. The stock had previously closed at $20.11.

Analyst Upgrades and Downgrades

WILYY has been the subject of several recent analyst reports. Barclays upgraded Demant A/S from a "strong sell" rating to a "hold" rating in a report on Friday, June 20th. Citigroup raised Demant A/S from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 5th. Two analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

View Our Latest Stock Report on Demant A/S

Demant A/S Stock Down 4.2%

The stock has a 50-day simple moving average of $20.66 and a 200-day simple moving average of $18.90. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.22 and a current ratio of 1.63.

About Demant A/S

(Get Free Report)

Demant A/S operates as a hearing healthcare and audio technology company in Europe, North America, the Asia Pacific, Asia, and internationally. It operates through two segments: Hearing Healthcare and Communications. The Hearing Healthcare segment is involved in the manufacturing, servicing, and sale of hearing aids, and diagnostic products and services.

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