Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Down – Here’s What Happened

Wolters Kluwer NV (OTCMKTS:WTKWY) shares gapped down prior to trading on Thursday . The stock had previously closed at $74.15, but opened at $70.12. Wolters Kluwer shares last traded at $70.63, with a volume of 2,291 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WTKWY. The Goldman Sachs Group began coverage on Wolters Kluwer in a research report on Wednesday, June 3rd. They issued a “neutral” rating on the stock. Citigroup reissued a “buy” rating on shares of Wolters Kluwer in a research report on Thursday, April 9th. Finally, Zacks Research raised Wolters Kluwer from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Wolters Kluwer has an average rating of “Moderate Buy”.

Wolters Kluwer Trading Up 0.6%

The company has a debt-to-equity ratio of 4.92, a current ratio of 0.65 and a quick ratio of 0.63. The firm has a 50-day moving average of $74.55 and a 200-day moving average of $85.32.

About Wolters Kluwer

Wolters Kluwer is a global information services and software company that provides professional information, software solutions and related services to customers in the health, tax & accounting, governance, risk & compliance, and legal sectors. Headquartered in the Netherlands, the company operates internationally and its shares are listed on Euronext Amsterdam; its American Depositary Receipts trade on the OTC market under the symbol WTKWY.

The company’s offerings center on subscription-based digital products and workflow tools designed to help professionals make decisions, meet regulatory requirements and improve operational efficiency.