Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Up After Analyst Upgrade

Wolters Kluwer NV (OTCMKTS:WTKWY) shares gapped up before the market opened on Monday after TD Securities upgraded the stock to a strong-buy rating. The stock had previously closed at $77.00, but opened at $81.75. Wolters Kluwer shares last traded at $80.98, with a volume of 3,756 shares traded.

Several other equities analysts have also weighed in on WTKWY. The Goldman Sachs Group started coverage on shares of Wolters Kluwer in a report on Wednesday, June 3rd. They set a “neutral” rating on the stock. TD Cowen started coverage on Wolters Kluwer in a research note on Thursday. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Wolters Kluwer Stock Performance

The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.63 and a current ratio of 0.65. The stock has a 50-day moving average price of $77.29 and a 200-day moving average price of $74.96.

Wolters Kluwer Company Profile

Wolters Kluwer N.V. is a global provider of professional information, software and technology-enabled services. The company serves professionals and organizations in the health, tax and accounting, legal, regulatory, financial compliance, risk management and corporate performance sectors.

Its products and services include clinical decision-support and medical research tools such as UpToDate, tax and accounting software and content offered under brands including CCH, audit and risk management solutions such as TeamMate and governance, risk and compliance platforms including Enablon.