Wolters Kluwer (OTCMKTS:WTKWY) Share Price Passes Above 50 Day Moving Average – What’s Next?

Shares of Wolters Kluwer NV (OTCMKTS:WTKWY) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $76.13 and traded as high as $83.37. Wolters Kluwer shares last traded at $81.63, with a volume of 48,191 shares.

Wall Street Analysts Forecast Growth

WTKWY has been the topic of a number of recent analyst reports. Citigroup reissued a “buy” rating on shares of Wolters Kluwer in a report on Thursday, April 9th. Zacks Research lowered Wolters Kluwer from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Wolters Kluwer Trading Down 3.0%

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 simple moving average of $76.13 and a 200 day simple moving average of $97.51.

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.