Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Up – Here’s Why

Wolters Kluwer NV (OTCMKTS:WTKWY)’s share price 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 traded.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Zacks Research raised shares of Wolters Kluwer from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. The Goldman Sachs Group started coverage on Wolters Kluwer in a report on Wednesday. They set a “neutral” rating on the stock. Finally, Citigroup restated a “buy” rating on shares of Wolters Kluwer in a report on Thursday, April 9th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Trading Up 6.8%

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

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.