Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Down – Here’s What Happened

Wolters Kluwer NV (OTCMKTS:WTKWY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $83.35, but opened at $80.51. Wolters Kluwer shares last traded at $81.25, with a volume of 2,243 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports 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 initiated coverage on Wolters Kluwer in a research report on Wednesday, June 3rd. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Trading Down 2.8%

The stock’s 50-day moving average price is $73.30 and its two-hundred day moving average price is $74.56. 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.