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

Shares of Wolters Kluwer NV (OTCMKTS:WTKWY) gapped down prior to trading on Tuesday . The stock had previously closed at $81.94, but opened at $78.46. Wolters Kluwer shares last traded at $78.52, with a volume of 14,898 shares trading hands.

Analyst Upgrades and Downgrades

WTKWY has been the subject of several recent research reports. TD Securities raised shares of Wolters Kluwer to a “strong-buy” rating in a research report on Friday. TD Cowen initiated coverage on shares of Wolters Kluwer in a research note on Thursday, September 10th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group assumed coverage on Wolters Kluwer in a research report on Wednesday, June 3rd. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Wolters Kluwer currently has an average rating of “Moderate Buy”.

Wolters Kluwer Stock Down 3.2%

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 firm’s fifty day simple moving average is $77.60 and its 200 day simple moving average is $75.02.

About Wolters Kluwer

Wolters Kluwer N.V. is a global provider of professional information, software and technology-enabled services. The company serves professionals and organizations in the health, tax and accounting, legal, regulatory, financial compliance, risk management and corporate performance sectors.

Its products and services include clinical decision-support and medical research tools such as UpToDate, tax and accounting software and content offered under brands including CCH, audit and risk management solutions such as TeamMate and governance, risk and compliance platforms including Enablon.