Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Up – Still a Buy?

Wolters Kluwer NV (OTCMKTS:WTKWY) gapped up before the market opened on Thursday . The stock had previously closed at $69.50, but opened at $74.25. Wolters Kluwer shares last traded at $74.4550, with a volume of 1,778 shares trading hands.

Analyst Ratings Changes

WTKWY has been the topic of several research reports. The Goldman Sachs Group initiated coverage on Wolters Kluwer in a research report on Wednesday. They set a “neutral” rating on the stock. Citigroup restated 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 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 stock. Based on data from MarketBeat.com, Wolters Kluwer presently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Price Performance

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 company has a 50 day moving average price of $74.68 and a two-hundred day moving average price of $86.49.

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.