Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Up – Still a Buy?

Wolters Kluwer NV (OTCMKTS:WTKWY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $66.30, but opened at $68.77. Wolters Kluwer shares last traded at $68.50, with a volume of 14,492 shares changing hands.

Analyst Upgrades and Downgrades

WTKWY has been the subject of a number of research analyst reports. Citigroup reiterated a “buy” rating on shares of Wolters Kluwer in a report on Thursday, April 9th. The Goldman Sachs Group started coverage on shares of Wolters Kluwer in a research note on Wednesday, June 3rd. They issued a “neutral” rating on the stock. Finally, Zacks Research raised shares of Wolters Kluwer from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Three investment 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 Performance

The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.63 and a current ratio of 0.65. The business has a fifty day simple moving average of $70.42 and a two-hundred day simple moving average of $80.26.

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.