Wolters Kluwer (OTCMKTS:WTKWY) Trading 7.1% Higher – Should You Buy?

Wolters Kluwer NV (OTCMKTS:WTKWY)’s stock price shot up 7.1% during mid-day trading on Tuesday . The company traded as high as $81.9715 and last traded at $81.9715. Approximately 12,365 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 128,461 shares. The stock had previously closed at $76.57.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of Wolters Kluwer from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. The Goldman Sachs Group assumed coverage on shares of Wolters Kluwer in a research note on Wednesday, June 3rd. They set 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 issued a Hold rating to the stock. According to data from MarketBeat, Wolters Kluwer currently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Stock Performance

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 business has a fifty day moving average price of $69.64 and a 200 day moving average price of $77.12.

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.