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

Wolters Kluwer NV (OTCMKTS:WTKWY) gapped up prior to trading on Friday . The stock had previously closed at $67.77, but opened at $70.13. Wolters Kluwer shares last traded at $70.34, with a volume of 4,922 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of Wolters Kluwer in a report on Thursday, April 9th. Zacks Research upgraded Wolters Kluwer from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Trading Up 4.5%

The firm has a fifty day simple moving average of $76.12 and a 200 day simple moving average of $91.44. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 4.92.

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.