Wolters Kluwer (OTCMKTS:WTKWY) Reaches New 1-Year Low – Here’s Why

Wolters Kluwer NV (OTCMKTS:WTKWY)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as $36.0840 and last traded at $94.32, with a volume of 20,957 shares trading hands. The stock had previously closed at $94.43.

Wall Street Analysts Forecast Growth

WTKWY has been the subject of several research analyst reports. TD Securities raised Wolters Kluwer to a “strong-buy” rating in a research note on Friday, September 11th. Citigroup reaffirmed a “buy” rating on shares of Wolters Kluwer in a research note on Wednesday. Finally, TD Cowen began coverage on shares of Wolters Kluwer in a report on Thursday, September 10th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Wolters Kluwer Stock Performance

The business’s 50 day simple moving average is $81.43 and its 200-day simple moving average is $76.09.

About Wolters Kluwer

Wolters Kluwer N.V. is a global information, software and services company that provides specialized content and technology to professionals and organizations. Its customers include healthcare providers, legal and compliance professionals, accountants, tax advisers, corporate finance teams, and public-sector institutions.

The company’s offerings include clinical decision-support and medical research tools such as UpToDate and Ovid; tax, accounting and audit software and information through brands including CCH and ProSystem fx; legal and regulatory research products; and governance, risk and compliance solutions such as TeamMate.