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 $69.50, but opened at $74.25. Wolters Kluwer shares last traded at $74.4550, with a volume of 1,778 shares.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Zacks Research raised Wolters Kluwer from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. The Goldman Sachs Group assumed coverage on Wolters Kluwer in a report on Wednesday. They issued a “neutral” rating for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of Wolters Kluwer in a report on Thursday, April 9th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wolters Kluwer has a consensus rating of “Moderate Buy”.

Wolters Kluwer Stock Up 6.8%

The company’s fifty day simple moving average is $74.65 and its 200 day simple moving average is $86.84. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 4.92.

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.