Wolters Kluwer (OTCMKTS:WTKWY) Reaches New 12-Month Low – Here’s Why

Wolters Kluwer NV (OTCMKTS:WTKWY)’s stock price reached 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 trading hands. The stock had previously closed at $68.39.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. 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. Zacks Research upgraded Wolters Kluwer from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Citigroup reissued a “buy” rating on shares of Wolters Kluwer in a report on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Wolters Kluwer Stock Performance

The company has a debt-to-equity ratio of 4.92, a current ratio of 0.65 and a quick ratio of 0.63. The firm’s fifty day moving average price is $73.84 and its two-hundred day moving average price is $84.00.

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.