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

Wolters Kluwer NV (OTCMKTS:WTKWY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $81.94, but opened at $78.46. Wolters Kluwer shares last traded at $78.52, with a volume of 14,898 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WTKWY shares. TD Securities raised Wolters Kluwer to a “strong-buy” rating in a research report on Friday. The Goldman Sachs Group initiated coverage on shares of Wolters Kluwer in a research report on Wednesday, June 3rd. They issued a “neutral” rating on the stock. Finally, TD Cowen assumed coverage on shares of Wolters Kluwer in a report on Thursday, September 10th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Wolters Kluwer Price Performance

The stock has a fifty day moving average price of $77.60 and a 200-day moving average price of $75.02. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 4.92.

About Wolters Kluwer

Wolters Kluwer N.V. is a global provider of professional information, software and technology-enabled services. The company serves professionals and organizations in the health, tax and accounting, legal, regulatory, financial compliance, risk management and corporate performance sectors.

Its products and services include clinical decision-support and medical research tools such as UpToDate, tax and accounting software and content offered under brands including CCH, audit and risk management solutions such as TeamMate and governance, risk and compliance platforms including Enablon.