Wolters Kluwer (OTCMKTS:WTKWY) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Wolters Kluwer NV (OTCMKTS:WTKWY) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $69.60 and traded as high as $70.40. Wolters Kluwer shares last traded at $70.35, with a volume of 131,369 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WTKWY. Citigroup reaffirmed a “buy” rating on shares of Wolters Kluwer in a research note on Thursday, April 9th. The Goldman Sachs Group assumed coverage on Wolters Kluwer in a research report on Wednesday, June 3rd. They set a “neutral” rating for the company. 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 given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Stock Down 0.1%

The business’s 50-day moving average price is $69.58 and its two-hundred day moving average price is $77.84. The company has a debt-to-equity ratio of 4.92, a current ratio of 0.65 and a quick ratio of 0.63.

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.