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

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

Analysts Set New Price Targets

WTKWY has been the topic of several analyst reports. The Goldman Sachs Group began coverage on Wolters Kluwer in a report on Wednesday, June 3rd. They set a “neutral” rating on the stock. Zacks Research upgraded Wolters Kluwer from a “strong sell” rating to a “hold” rating in a research note 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 given a Hold rating to the stock. According to MarketBeat, Wolters Kluwer currently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Stock Down 0.7%

The stock has a 50-day moving average price of $72.97 and a 200-day moving average price of $82.71. The company has a debt-to-equity ratio of 4.92, a current ratio of 0.65 and a quick ratio of 0.63.

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.