Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Up – Time to Buy?

Wolters Kluwer NV (OTCMKTS:WTKWY) gapped up prior to trading on Monday . The stock had previously closed at $71.17, but opened at $75.59. Wolters Kluwer shares last traded at $75.17, with a volume of 4,290 shares traded.

Wall Street Analyst Weigh In

WTKWY has been the topic of a number of recent analyst reports. Zacks Research upgraded Wolters Kluwer from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. The Goldman Sachs Group initiated coverage on Wolters Kluwer in a report on Wednesday, June 3rd. They set a “neutral” rating for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of Wolters Kluwer in a research note on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Stock Up 7.2%

The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 4.92. The company’s fifty day simple moving average is $69.76 and its 200 day simple moving average is $76.95.

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.