Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Up – What’s Next?

Shares of Wolters Kluwer NV (OTCMKTS:WTKWY) gapped up prior to trading on Tuesday . The stock had previously closed at $66.30, but opened at $68.77. Wolters Kluwer shares last traded at $68.50, with a volume of 14,492 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Zacks Research raised shares of Wolters Kluwer from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. The Goldman Sachs Group initiated coverage on shares of Wolters Kluwer in a research note on Wednesday, June 3rd. They set a “neutral” rating for the company. Finally, Citigroup restated a “buy” rating on shares of Wolters Kluwer in a research report on Thursday, April 9th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Wolters Kluwer has an average rating of “Moderate Buy”.

Wolters Kluwer Stock Up 3.6%

The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.63 and a current ratio of 0.65. The stock’s 50-day simple moving average is $71.03 and its 200 day simple moving average is $81.08.

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.