Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Up – Still a Buy?

Shares of Wolters Kluwer NV (OTCMKTS:WTKWY) gapped up prior to trading on Tuesday . The stock had previously closed at $66.30, but opened at $68.77. Wolters Kluwer shares last traded at $68.50, with a volume of 14,492 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on WTKWY shares. Citigroup reiterated a “buy” rating on shares of Wolters Kluwer in a report on Thursday, April 9th. Zacks Research upgraded shares of Wolters Kluwer from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Finally, The Goldman Sachs Group assumed coverage on Wolters Kluwer in a report on Wednesday, June 3rd. They set a “neutral” rating for the company. 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 currently has an average rating of “Moderate Buy”.

Wolters Kluwer Trading Up 3.6%

The stock’s 50-day moving average is $71.03 and its 200 day moving average is $81.08. The company has a debt-to-equity ratio of 4.92, a current ratio of 0.65 and a quick ratio of 0.63.

Wolters Kluwer Company Profile

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.