Wolters Kluwer (OTCMKTS:WTKWY) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Wolters Kluwer NV (OTCMKTS:WTKWY) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $107.11 and traded as low as $75.87. Wolters Kluwer shares last traded at $77.11, with a volume of 177,219 shares.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WTKWY shares. Citigroup assumed coverage on Wolters Kluwer in a research note on Monday, January 12th. They issued a “buy” rating on the stock. Zacks Research cut Wolters Kluwer from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Wolters Kluwer from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Wolters Kluwer Stock Down 2.6%

The firm has a 50-day moving average of $85.40 and a two-hundred day moving average of $106.53. The company has a debt-to-equity ratio of 5.05, a quick ratio of 0.69 and a current ratio of 0.71.

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.