Zacks Investment Research Downgrades Demant A/S (OTCMKTS:WILYY) to Hold

Posted by on Feb 23rd, 2021

Demant A/S (OTCMKTS:WILYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Demant A/S is engaged in the healthcare industry. It develops, manufactures and sells products and equipment designed to aid the hearing and communication of individuals. The company’s business area consists of Hearing Devices, Hearing Implants, Diagnostic Instruments and Personal Communication. Demant A/S, formerly known as William Demant Holding A/S, is based in Smorum, Denmark. “

Separately, Berenberg Bank restated a “hold” rating on shares of Demant A/S in a research note on Thursday, February 18th.

OTCMKTS:WILYY opened at $20.91 on Tuesday. Demant A/S has a 12 month low of $11.17 and a 12 month high of $21.83. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 46.46 and a beta of 0.23. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $19.33 and its 200-day moving average is $17.14.

Demant A/S Company Profile

Demant A/S, a hearing healthcare company, develops, manufactures, and sells products and equipment to enhance people's hearing in Europe, North America, the Pacific, Asia, and internationally. Its products include hearing devices and implants; diagnostic products; and communication systems, such as headsets and solutions for the professional call center and office market, as well as headsets for the gaming and mobile music segments.

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