Wolters Kluwer (OTCMKTS:WTKWY) Hits New 1-Year Low – Here’s What Happened

Wolters Kluwer NV (OTCMKTS:WTKWY) hit a new 52-week low during trading on Wednesday . The stock traded as low as $64.27 and last traded at $64.42, with a volume of 2630 shares trading hands. The stock had previously closed at $64.87.

Analyst Ratings Changes

WTKWY has been the topic of several recent analyst reports. Zacks Research raised 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 issued a “neutral” rating for the company. Finally, Citigroup restated a “buy” rating on shares of Wolters Kluwer in a research note on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Wolters Kluwer presently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Trading Down 0.7%

The business has a fifty day moving average of $73.47 and a two-hundred day moving average of $83.29. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.63 and a current ratio of 0.65.

About Wolters Kluwer

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.