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

Wolters Kluwer NV (OTCMKTS:WTKWY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $65.27 and last traded at $66.80, with a volume of 113854 shares traded. The stock had previously closed at $68.39.

Analyst Upgrades and Downgrades

WTKWY has been the topic of a number of analyst reports. Zacks Research upgraded 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 assumed coverage on Wolters Kluwer in a research note on Wednesday, June 3rd. They issued a “neutral” rating for the company. Finally, Citigroup reissued a “buy” rating on shares of Wolters Kluwer in a report 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Stock Down 2.3%

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’s fifty day simple moving average is $74.17 and its 200-day simple moving average is $84.40.

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.