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

Wolters Kluwer NV (OTCMKTS:WTKWY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $81.76, but opened at $78.13. Wolters Kluwer shares last traded at $78.21, with a volume of 6,460 shares.

Analyst Ratings Changes

WTKWY has been the topic of a number of research reports. The Goldman Sachs Group started coverage on Wolters Kluwer in a report on Wednesday, June 3rd. They set a “neutral” rating on the stock. Zacks Research raised shares of Wolters Kluwer from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Wolters Kluwer Stock Performance

The company has a debt-to-equity ratio of 4.92, a current ratio of 0.65 and a quick ratio of 0.63. The stock has a 50 day simple moving average of $75.07 and a 200 day simple moving average of $74.66.

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.