Wolters Kluwer (OTCMKTS:WTKWY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Wolters Kluwer NV (OTCMKTS:WTKWY) saw unusually-strong trading volume on Monday . Approximately 146,569 shares changed hands during trading, an increase of 154% from the previous session’s volume of 57,770 shares.The stock last traded at $104.7925 and had previously closed at $104.56.

Analysts Set New Price Targets

Several analysts have issued reports on WTKWY shares. Deutsche Bank Aktiengesellschaft upgraded Wolters Kluwer from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Sanford C. Bernstein raised shares of Wolters Kluwer from a “hold” rating to an “outperform” rating in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, Wolters Kluwer currently has a consensus rating of “Buy”.

Wolters Kluwer Trading Up 0.2%

The stock has a 50-day moving average of $111.53 and a 200-day moving average of $132.79. The company has a debt-to-equity ratio of 5.05, a current ratio of 0.71 and a quick ratio of 0.69.

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.