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

Shares of Wolters Kluwer NV (OTCMKTS:WTKWY) gapped up before the market opened on Friday . The stock had previously closed at $79.83, but opened at $83.77. Wolters Kluwer shares last traded at $82.01, with a volume of 3,441 shares trading hands.

Analysts Set New Price Targets

WTKWY has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on Wolters Kluwer in a research report on Wednesday, June 3rd. They issued a “neutral” rating for the company. Zacks Research upgraded Wolters Kluwer from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Trading Up 1.8%

The firm has a 50 day moving average price of $71.90 and a 200-day moving average price of $75.17. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.63 and a current ratio of 0.65.

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.