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

Wolters Kluwer NV (OTCMKTS:WTKWY) shares gapped up prior to trading on Thursday . The stock had previously closed at $78.84, but opened at $82.56. Wolters Kluwer shares last traded at $82.2090, with a volume of 29,277 shares trading hands.

Analyst Ratings Changes

A number of brokerages have commented on WTKWY. Zacks Research upgraded shares of Wolters Kluwer from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. The Goldman Sachs Group started coverage on shares of Wolters Kluwer in a research report on Wednesday, June 3rd. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Wolters Kluwer presently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Stock Up 4.2%

The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 4.92. The firm has a fifty day moving average price of $75.37 and a 200 day moving average price of $74.71.

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.