Wolters Kluwer (OTCMKTS:WTKWY) Trading Up 7.1% – Here’s What Happened

Wolters Kluwer NV (OTCMKTS:WTKWY)’s share price rose 7.1% during trading on Tuesday . The company traded as high as $81.9715 and last traded at $81.9715. 12,365 shares traded hands during trading, a decline of 90% from the average daily volume of 128,461 shares. The stock had previously closed at $76.57.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WTKWY. Zacks Research upgraded shares of Wolters Kluwer from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Citigroup reiterated a “buy” rating on shares of Wolters Kluwer in a research note on Thursday, April 9th. Finally, The Goldman Sachs Group initiated coverage on shares of Wolters Kluwer in a research note on Wednesday, June 3rd. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Wolters Kluwer Stock Up 7.4%

The firm has a fifty day moving average of $69.64 and a 200-day moving average of $77.12. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 4.92.

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.