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

Wolters Kluwer NV (OTCMKTS:WTKWY) shares gapped up before the market opened 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 changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on WTKWY shares. The Goldman Sachs Group started coverage on shares of Wolters Kluwer in a research note on Wednesday, June 3rd. They issued a “neutral” rating for the company. Zacks Research upgraded shares of Wolters Kluwer from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Wolters Kluwer Trading Up 4.2%

The company has a 50 day simple moving average of $75.37 and a two-hundred day simple moving average of $74.71. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.63 and a current ratio of 0.65.

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.