Demant A/S (OTCMKTS:WILYY) Stock Price Down 3.5% - Here's Why

Key Points

• Demant A/S shares experienced a 3.5% decline in price on Tuesday, trading at $17.88 after previously closing at $18.52.
• Barclays upgraded Demant A/S from a "strong sell" to a "hold" rating, with the stock currently holding a consensus rating of "Buy" based on analysts' ratings.
• The company's 50-day moving average price is $19.08, indicating a potential downward trend in stock performance.

Demant A/S Unsponsored ADR (OTCMKTS:WILYY - Get Free Report) shares dropped 3.5% during mid-day trading on Tuesday . The stock traded as low as $17.88 and last traded at $17.88. Approximately 926 shares changed hands during trading, an increase of 3,510% from the average daily volume of 26 shares. The stock had previously closed at $18.52.

Analyst Ratings Changes

Separately, Barclays raised shares of Demant A/S from a "strong sell" rating to a "hold" rating in a report on Friday, June 20th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Demant A/S presently has a consensus rating of "Buy".

Demant A/S Price Performance

The company's 50 day moving average price is $19.08 and its two-hundred day moving average price is $19.04.

Demant A/S Company Profile

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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