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

Wolters Kluwer NV (OTCMKTS:WTKWY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $108.53, but opened at $104.86. Wolters Kluwer shares last traded at $105.01, with a volume of 9,181 shares traded.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised Wolters Kluwer from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Wolters Kluwer currently has a consensus rating of “Buy”.

Wolters Kluwer Stock Down 0.3%

The firm has a 50 day moving average of $107.68 and a 200 day moving average of $129.60. The company has a debt-to-equity ratio of 5.05, a quick ratio of 0.69 and a current ratio of 0.71.

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.