Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Down – What’s Next?

Wolters Kluwer NV (OTCMKTS:WTKWY) gapped down prior to trading on Wednesday . The stock had previously closed at $76.42, but opened at $72.76. Wolters Kluwer shares last traded at $75.3880, with a volume of 1,892 shares traded.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WTKWY. Deutsche Bank Aktiengesellschaft upgraded Wolters Kluwer from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Zacks Research downgraded Wolters Kluwer from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Finally, Citigroup assumed coverage on Wolters Kluwer in a research note on Monday, January 12th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Wolters Kluwer Stock Performance

The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 5.05. The stock’s 50 day simple moving average is $86.03 and its 200 day simple moving average is $106.76.

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.