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

Shares of Wolters Kluwer NV (OTCMKTS:WTKWY) gapped down prior to trading on Wednesday . The stock had previously closed at $81.76, but opened at $78.13. Wolters Kluwer shares last traded at $78.21, with a volume of 6,460 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Wolters Kluwer in a report on Wednesday, June 3rd. They set a “neutral” rating for the company. Zacks Research upgraded Wolters Kluwer from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Wolters Kluwer Stock Down 4.1%

The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 4.92. The stock’s 50 day moving average is $75.07 and its 200-day moving average is $74.66.

Wolters Kluwer Company Profile

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.